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Troutman Sanders Advises The Brink’s Company on $520 Million Acquisition of Dunbar Armored, Inc.


RICHMOND – Troutman Sanders LLP announced today that it advised The Brink’s Company (NYSE:BCO) on its acquisition of Dunbar Armored, Inc., in an all cash transaction valued at $520 million.

The Brink’s Company is the world’s premiere provider of cash management, secure logistics and security solutions including cash-in-transit, ATM services, cash management services, international transportation of valuables, and payment services and is the second largest U.S. cash management company. Privately-held Dunbar is the fourth largest U.S. cash management company and generated approximately $390 million of revenue over the last 12 months.

The transaction, which is expected to close by the end of 2018, will expand and differentiate Brink’s customer base with Dunbar’s complementary focus on small-to-medium sized retailers and financial institutions. Brink’s CEO commented that “this transaction is the most significant demonstration to date of [Brink’s] strategy to accelerate profitable growth by making core acquisitions in [its] existing geographic markets.”

Brink’s is a long-term client of Troutman Sanders for which the Firm serves as general outside counsel. Recently, Troutman Sanders advised Brink’s on an exclusive trademark licensing agreement for the use of all Brink’s trademarks related to residential smart home and home security categories in the U.S. and Canada and also in connection with a $600 million Rule 144A senior notes offering.

The Troutman Sanders team was led by Mason Bayler and David Carter and includes Dave Meyers (SEC), Dan Anziska (Antitrust), Jeff Banish (Benefits and Executive Compensation), Robert Friedman (Tax), Nick Grainger (Real Estate), Ashley Hager (Labor and Employment), Mike Hobbs (Intellectual Property), Mitch Portnoy (Finance/HSR), Sarah Pylant (M&A), Betty Segaar (M&A) and Andrea Wortzel (Environmental and Natural Resources).

Detailed information about the deal can be found here.

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