Company type | Public |
---|---|
Industry | Logistics, Security |
Founded | 1859 |
Founder | Perry Brink |
Headquarters | Richmond, Virginia, U.S. |
Number of locations | 1,304 branches and 16,385 vehicles in more than 100 countries (2023) |
Key people | Mark Eubanks (president & CEO) |
Products | Armored transport, Safes, ATMs |
Revenue | US$4.88 billion (2023) |
US$425 million (2023) | |
US$98.3 million (2023) | |
Total assets | US$6.60 billion (2023) |
Total equity | US$397 million (2023) |
Number of employees | c. 66,000 (2023) |
Website | brinks |
Footnotes /references [1] |
The Brink's Company is an American cash handling company, headquartered in Richmond, Virginia. Its operations include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as vault outsourcing, money processing, intelligent safe services, and international transportation of valuables.
Brink's is popularly known for its bullet-resistant armored trucks which carry money and valuable goods (the service once used to transport the Hope Diamond from an auction to the buyer's home). Brink's is a provider of security services to banks, retailers, governments, mints and jewelers. Founded in 1859 by Perry and Fidelia Brink of Chicago, Illinois, Brink's business evolved from local armored transportation services to providing corporate financial logistics and international secure transportation.
In 1962, Brink's was acquired by Pittston, a coal company. Burlington Air Express was acquired in 1982. Brink's Home Security was started in 1983. [2] Pittston sold off its coal assets in the 2000s and renamed the company Brink's. [3]
Burlington Air Express was renamed BAX Global in 1997, and was sold to Deutsche Bahn for $1.1 billion in 2006.
In January 2012, Brink's acquired Kheops, SAS, a provider of logistics software and related services in France, for approximately $17 million. This acquisition gave the company proprietary control of software used primarily in cash-in-transit and money processing operations in France. [4]
A significant portion of Brink's business is conducted internationally, with 82% of $3.9 billion in revenues earned outside the United States in 2013. The majority of Brink's consolidated revenues in 2013 was earned in operations located in nine countries, each contributing in excess of $100 million of revenues. The 2013 revenues from these countries totaled $3.0 billion or 79% of consolidated revenues. These operations, in declining order of revenues, were the U.S., France, Mexico, Brazil, Venezuela, Canada, Colombia, Argentina and the Netherlands.
On January 31, 2013, Brink's acquired Brazil-based Rede Transacoes Eletronicas Ltda. ("Redetrel") for approximately $26 million. Redetrel distributes electronic prepaid products, including mobile phone airtime, via a network of approximately 20,000 retail locations across Brazil. Redetrel's strong distribution network supplements Brink's existing payments business, ePago, which has operations in Brazil, Mexico, Colombia and Panama.
In November 2010, Brink's former cash-in-transit (CIT) operations in Belgium filed for bankruptcy, after local union employees rejected a restructuring plan, and was placed in bankruptcy on February 2, 2011. Brink's deconsolidated the Belgium subsidiary in 2010. However in 2021 returned to Belgium and took over G4S's Cash Solutions division.
In 2012, Brink's agreed to sell its cash-in-transit operations in Germany and Poland, and event security operations in France, and the company completed the divestiture of its guarding operations in Morocco, in December 2012.
In May 2014, Brink's US decided to cease their cash-in-transit operations throughout Australia. Armaguard made an offer to purchase Brink's Australia's CIT operations, and Brink's is continuing their precious goods logistics business within Australia. [5]
Brinks began offering home security alarm systems in 1982. In 2008, it was spun off into a separate publicly traded company, despite accounting for 15% of the company's revenue that year. [6] The company rebranded as Broadview Security in 2009 with a massive advertising campaign. [6]
The ads were widely criticized as unscrupulous, fear-mongering, and seen as exaggerating the capabilities of home security systems. [7] [8] Unflattering parodies of Broadview's TV commercials, mocking the company's attempts to manipulate consumers, were posted online, along with a filmed Saturday Night Live sketch featuring Andy Samberg and Bill Hader. [9] [10] [11] [12]
In 2010, Broadview was sold to Tyco International, then-owner of ADT, for $2 billion. [13] [14] The acquisition closed in mid-2010, after which the Broadview name and product line were discontinued, with its operations merged into ADT. The merger combined the two largest home security providers in the United States, adding Broadview's 1.3 million customer accounts to ADT's existing customer base of 7.4 million. [15]
Brinks later re-entered the home security industry in 2018, through a trademark licensing deal with Monitronics International, which currently offers services under the name Brink's Home. [16] [17]
Brink's-branded door locks and padlocks have been manufactured and sold under license by California-based Hampton Products since 1998. [18] [19]
The Great Brink's Robbery was an armed robbery of the Brinks Building at the corner of Prince St. and Commercial St. in the North End of Boston, Massachusetts, on the night of January 17, 1950. Led by Boston small-time criminal Tony "Fats" Pino, 11 men broke in and stole $1,218,211.29 in cash, and $1,557,183.83 in checks, money orders, and other securities. At the time, it was the largest robbery in the history of the United States. Skillfully executed with only a bare minimum of clues left at the crime scene, the robbery was billed as "the crime of the century".
All 11 members of the gang were later arrested, and all were paroled and released by 1971, except for Joseph "Big Joe" McGinnis, the originator of the heist, who died in prison. Despite ongoing efforts by the Federal Bureau of Investigation and local authorities, only $58,000 of the initial $2.7 million stolen was ever recovered.[ citation needed ]
On October 20, 1981, members of the Weather Underground Organization and Black Liberation Army attempted an armed robbery of a Brink's armored car in Nanuet, New York. The robbery resulted in a shootout that left two police officers, Edward O'Grady and Waverly Brown, and a Brink's security guard, Peter Paige, dead. [20] Paige's partner, Joe Trombino, was severely wounded in the gun battle but survived; he later died at the World Trade Center during the September 11 attacks. [21]
On November 26, 1983, there was an armed robbery at a warehouse near London's Heathrow Airport, operated by Brink's-Mat, a former joint venture between Brink's and the London-based company MAT Transport, which specialized in the transportation of valuable goods. Three tonnes of gold bullion (worth £26 million) was stolen. Most of the gold has never been recovered.
On January 5, 1993, $7.4 million was stolen from the Brink's Armored Car Depot in Rochester, New York, the fifth largest robbery in US history.[ when? ] Four men, Sam Millar, Patrick Moloney, former Rochester Police officer Thomas O'Connor, and Charles McCormick, all of whom had ties to the Provisional Irish Republican Army, were accused. [22]
On September 30, 2008, in Monroe, Washington, a Brink's armored car pulled up to make a delivery to the Bank of America. A landscaper, who was working the grounds and wearing a blue shirt, blue hat, and yellow safety vest, approached the armored car guard, pepper-sprayed him, stole $400,000 in cash, and escaped on an inner tube on the nearby Woods Creek. When police arrived, they found the bank's parking lot was full of men wearing clothing identical to the mysterious robber's. All were "hired" by a phony ad, placed on Craigslist by a culprit the media dubbed "D.B. Tuber" (after famed hijacker, D. B. Cooper), instructing them to show up at the bank at the same time, wearing a blue shirt, blue hat, and yellow safety vest. Months later, the FBI received a tip from a very attentive homeless man who had witnessed a "practice run" weeks prior to the robbery. DNA evidence later convicted former college football player Anthony Curcio of the crime. [23] [24]
On 18 February 2013, eight masked gunmen, in two cars with police markings, stole approximately €38 million worth of diamonds by attacking in a very small time window during which they were being transferred from a Brink's armored van to a Swiss-bound Fokker 100 operated by Helvetic Airways. The Fokker 100 was on the apron at Brussels Airport, Belgium, just before 20:00 CET. [25] [26] [27] The heist was accomplished without a shot being fired. [25]
In May 2014, California resident Joe Cornell found a Brink's bag with $125,000 inside; Cornell saw the bag of cash accidentally fall out of the back of a Brink's transport car as it drove over the railroad tracks in downtown Fresno. Cornell returned the bag of cash claiming, "it was the right thing to do." Brinks thanked the man for his honesty with a $5,000 reward and a $5,000 donation in Cornell's name to the Salvation Army, where he works. [28] [29] [30]
On July 11, 2022, approximately $100 million to $150 million worth of jewelry, luxury watches, and other valuables were stolen from a Brink's truck within a 27-minute window whilst the two drivers were at a Flying J rest stop on I-5 in Lebec, California. One driver had entered the building to get food while the other was sleeping inside the vehicle. [31] The merchandise, which had been loaded the day before in San Francisco, was en route to a trade show in Pasadena. Thirteen jewelry companies sued Brink's over payout for the incident, and Brink's filed a countersuit, alleging that the companies deliberately undervalued the cost of their merchandise during transit. The incident remains under investigation by the FBI and the Los Angeles Sheriff's Department's Major Crimes Bureau. [32] [33] [34]
In April 2023, $20 million of gold and over $2.5 million CAD were stolen from Toronto Pearson International Airport. The items were stolen from an Air Canada facility after the perpetrator used a fake invoice to gain access into the facility. Brinks sued Air Canada for the theft citing that the facility’s lax security system was the main cause of the theft. It is alleged that the Gold belonged to TD Bank and a currency exchange company. [35]
In October 2015, Brink's activist investor Starboard Value LP announced it had raised its stake in the company to around 12.4%. [36] Later that year, Brink's responded to Texas RFI 212P with their perspective on a solution for Texas HB 483, establishing the Texas Bullion Depository. [37]
In April 2017, it was announced that Brinks had chosen the FN Herstal FN 509 9mm to be the new sidearm for their armed guards. [38] [39]
In August 2018, Brinks Inc. acquired Dunbar Armored for $520 million. [40]
Tyco International plc was a security systems company incorporated in the Republic of Ireland, with operational headquarters in Princeton, New Jersey, United States. Tyco International was composed of two major business segments: security solutions and fire protection.
The Brink's-Mat robbery occurred at the Heathrow International Trading Estate, London, United Kingdom, on 26 November 1983 and was one of the largest robberies in British history. £26 million worth of gold bullion, diamonds, and cash was stolen from a warehouse operated by Brink's-Mat, a former joint venture between US security company Brink's and London-based company MAT Transport. The bullion was the property of Johnson Matthey Bankers Ltd. Micky McAvoy and Brian Robinson were convicted of armed robbery. Most of the gold has never been recovered. Lloyd's of London paid out for the losses, and several shooting deaths have been linked to the case.
Thomas DeSimone was an American criminal associated with New York City's Lucchese crime family who is alleged to have participated in both the Air France robbery and the Lufthansa heist. He also committed numerous murders, including killing William "Billy Batts" Bentvena in 1970. DeSimone went missing in 1979 and is believed to have been murdered.
ADT Inc., formerly The ADT Corporation, is an American security company that provides residential and small business electronic security, fire protection, and other related alarm monitoring services throughout the United States. The corporate head office is located in Boca Raton, Florida. In February 2016, the company was acquired by Apollo Global Management for $6.9 billion in a leveraged buyout. In January 2018, the company went public on the New York Stock Exchange.
Heist is a 2001 American heist film written and directed by David Mamet and starring Gene Hackman, Danny DeVito and Delroy Lindo, with Rebecca Pidgeon, Ricky Jay and Sam Rockwell in supporting roles.
On September 12, 1997, six men robbed the Dunbar Armored facility on Mateo St. in Downtown Los Angeles, California of US$18.9 million. The robbery was orchestrated by Allen Pace III, of Compton, with childhood friends Erik Damon Boyd, of Buena Park; Eugene Lamar Hill Jr., of Bellflower; Freddie Lynn McCrary Jr., of Arleta; Terry Wayne Brown Sr., of Los Angeles; and Thomas Lee Johnson, of Las Vegas, Nevada. It was the largest cash robbery to have occurred in the United States until the Easter Sunday Robbery of March 31, 2024 which was estimated at over $30 million.
The Lufthansa heist was a robbery which took place at New York City's John F. Kennedy International Airport on December 11, 1978. An estimated US$5.875 million was stolen, with $5 million in cash and $875,000 in jewelry, making it the largest cash robbery committed on American soil at the time.
The 2006 Securitas depot robbery in Tonbridge, England, was the UK's largest cash heist. It began with a kidnapping on the evening of 21 February 2006 and ended in the early hours of 22 February, when seven criminals stole almost £53 million. The gang left behind another £154 million because they did not have the means to transport it.
$17.3 million in cash was robbed from the Charlotte, North Carolina, regional office vault of Loomis, Fargo & Co. on the evening of October 4, 1997. The robbery was committed by Loomis vault supervisor David Scott Ghantt, his married girlfriend Kelly Campbell, Steven Eugene Chambers, his wife Michelle Chambers, Michael Gobbies, and four other co-conspirators. An FBI criminal investigation ultimately resulted in the arrest and conviction of eight people directly involved in the heist, as well as sixteen others who had indirectly helped them, and the recovery of approximately 88% of the stolen money.
GardaWorld Corporation is a Canadian private security firm, headquartered in Montreal, Quebec, with 120,000 employees as of January 2022. U.S. business name is United American Security LLC, dba GardaWorld.
International Armoring Corporation (IAC) is a designer and manufacturer of armoured cars using light weight synthetic fiber armor laminates. Established in Ogden, Utah, United States on May 6, 1993 International Armoring Corporation uses light weight synthetic armor laminates called Armormax. IAC designs and molds the armor to fit the vehicle rather than modifying the vehicle to fit the armor. IAC has sold 4,000 and 5,000 vehicles annually.
An armored vehicle is an armored van or truck used to transport valuables, such as large quantities of money or other valuables, especially for banks or retail companies. The armored car is typically a multifunctional vehicle designed to protect and ensure the wellbeing of the transported contents and guards. Typically customized on a basic van or truck chassis, they feature bullet-resistant glass, armor plating, and reinforced shells and cabs. Armored cars are designed to resist attempts at robbery and hijacking, being able to withstand bullets from most handguns and rifles, as well as extreme degrees of heat, explosives, and collisions.
Loomis AB is a Swedish cash handling company. The modern company was formed in 1997 by the consolidation of two armoured security concerns, Wells Fargo Armored Service and Loomis Armored Inc. Their international network covers over 200 operating locations in the US and eleven Western European countries.
Cash-in-transit (CIT) or cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins, credit cards and items of value from one location to another. The locations include cash centers and bank branches, ATM points, bureaux de change, large retailers and other premises holding large amounts of cash, such as ticket vending machines and parking meters.
Empire State is a 2013 American crime drama film centered on two childhood friends who rob an armored car repository and the NYPD officer who stands in their way. Directed by Dito Montiel and starring Liam Hemsworth, Emma Roberts and Dwayne Johnson, the film was released straight to DVD and Blu-ray on September 3, 2013. It is based on the true story of the 1983 Sentry Armored Car Courier Company theft.
On 18 February 2013, eight masked gunmen in two cars with police markings stole approximately €38,000,000 worth of diamonds from a Swiss-bound Fokker 100 operated by Helvetic Airways on the apron at Brussels Airport, Belgium, just before 20:00 CET. The heist was accomplished without a single shot being fired.
The 1999 Loomis truck robbery was a daring currency heist of a Loomis, Fargo & Co. semi-trailer truck on March 24, 1999, still unsolved. At some point during its route transporting money from Sacramento, California to San Francisco, one or more robbers boarded the truck, cut a hole in the roof, removed approximately 2.3 million dollars, and disappeared with the money, completely evading detection by the truck's driver and guards. The robbery was not discovered until after the truck arrived at its destination. No suspects were ever identified by authorities and the theft is now a cold case. Even the exact tools and methods used by robber or robbers were never conclusively determined.
Thomas Fredrik Berglund is a Swedish corporate executive. He was President and Chief Executive Officer of Securitas for 14 years, till April 2007. Berglund has been the deputy Chairman of ISS A/S since 2014, and AcadeMedia since 2017. He was Chairman of Eltel Networks for 4 years till 2012, and was Chairman of Securitas Direct. He was President and Chief Executive Officer of hospital group Capio for 10 years, till 2018.