Brink's completed the acquisition of a majority stake in G4S' cash solutions unit for $860m.

The Brink’s, the global provider of total cash management, route-based secure logistics and payment solutions, completed the acquisition of a majority stake in the cash solutions unit of G4S, a global security and cash management company, for $860m. The acquisition will be financed by cash and debt from the company’s existing credit facility. “This transaction represents our largest acquisition to date and further demonstrates our disciplined approach to value-added capital allocation. The acquisition of these select G4S cash operations is an excellent strategic fit that provides a strong platform for substantial growth. It positions us to extend our proven Strategy 1.0 organic revenue and operating profit growth initiatives into 14 new markets including cash-intensive, emerging growth markets in Asia and Eastern Europe," Doug Pertz, Brink's President and CEO.