DolEx Dollar Express and Barri Financial Group Merge
August 1, 2022
DolEx Dollar Express, Inc. and Barri Financial Group signed a definitive agreement to merge and form a combined consumer financial services company headquartered in Houston, Texas. The combined business will scale their complementary cross-border money transfer, check cashing and bill payment platforms to expand geographic reach, retail distribution and customer acquisition across the U.S. and key remittance corridors.
- Buyers
- DolEx Dollar Express, Inc., Barri Financial Group
- Targets
- DolEx Dollar Express, Inc., Barri Financial Group
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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Palladium Equity Partners has completed the sale of the parent company of DolEx Dollar Express, Inc. to a group of investors that includes company management. DolEx, a Duluth, Georgia-based provider of remittance and retail financial services operating roughly 525 branches and over 2,700 agent locations across the U.S., Puerto Rico, U.S. Virgin Islands and Europe, was sold with terms undisclosed; Stephens Inc. advised DolEx while Advanced Capital Partners advised the acquiring investors.
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