The Brink's Co. is acquiring its competitor, Dunbar Armored Inc., a family owned business in Baltimore County for 95 years, in a $520 million all-cash deal.
The deal combines two of the U.S. cash management industry's largest players, No. 2 Brink's and No. 4 Dunbar.
Dunbar is one of Greater Baltimore's largest private companies with 5,400 employees, 78 branches throughout the and more than 1,600 of its famous red armored trucks in its fleet.