Press release content from Globe Newswire. The AP news staff was not involved in its creation. Brink’s Acquires Largest Privately Owned Provider of ATM Services in the U.S. The Brink’s CompanyApril 6, 2021 GMT PAI Acquired for $213 Million, Expected to Generate Approximately $30 Million of Adjusted EBITDA in 2021 Provides Full Range of Managed Services for Approximately 100,000 ATMs Adds Management Depth and Technology, Expands Brink’s ATM Service Capabilities Strengthens “Strategy 2.3” Platform in North America RICHMOND, Va., April 06, 2021 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE: BCO), the global leader in total cash management, route-based secure logistics and payment solutions, today announced its acquisition of PAI, Inc., the largest privately-held provider of ATM services in the U.S., for $213 million. On a current full-year basis, PAI is expected to generate revenue of approximately $320 million and adjusted EBITDA of approximately $30 million. Given the acquisition’s closing date of April 1, PAI is expected to add approximately $240 million of revenue and $22 million of adjusted EBITDA to the company’s 2021 results and is expected to be accretive this year. Based in its new headquarters in Dallas, Texas, PAI employs 225 people across three major U.S. locations and another 12 field locations. The acquisition was financed using available cash and the company’s existing credit facility.