M&A
confidence high
sentiment positive
materiality 0.70
Brink's acquires UK ATM network NoteMachine for ~$179M; Q3 share repurchases $27.3M
BRINKS CO
- Acquisition price ~$179M, 5.0x adjusted EBITDA; NoteMachine had $131M revenue, $36M adj. EBITDA in FY2022.
- Acquisition expands global ATM managed services to ~130,000 ATMs; expected accretive to earnings first year.
- In Q3 2022, Brink's repurchased 501,560 shares for $27.3M at avg price $54.36.
- Share repurchase authorization remains ~$223M; company continues opportunistic buybacks.