The news: Western Union will acquire International Money Express (Intermex) in a deal with a total equity and enterprise value of $500 million, per a press release.

• Western Union will inherit Intermex’s 6 million customers.
• WU also gains a desirable footprint in high-growth Latin America. 

What’s at stake: Western Union said this acquisition will strengthen its US retail offerings, expand its market reach in desirable geographies, and accelerate new customer acquisitions.