Dunbar Armored selling to rival for $520 million


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.

The transaction is expected to close by the end of…

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