The Brink's Company
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| The Brinks Company | |
|---|---|
| Type | Public (NYSE: BCO) |
| Founded | 1859 |
| Headquarters | Richmond, Virginia, United States; 650 branches and 7,800 vehicles in 150 countries |
| Key people | Micheal T. Dan, CEO |
| Industry | Logistics, Security |
| Products | Safes, Products |
| Revenue | ▲$2.84 billion USD (2005) |
| Operating income | ▲?? millionUSD (2005) |
| Net income | ▲587.20 millionUSD (2005) |
| Employees | 54,000 (2006) |
| Website | http://www.brinks.com/ |
The Brink's Company (NYSE: BCO) is a security and protection company headquartered in Richmond, Virginia, United States. It is divided into two core businesses – Brink’s, Incorporated, and Brink’s Home Security. In 2005, the company reported a total of 54,000 employees and operations in more than 50 countries. The company emerged from The Pittston Company and changed its name to The Brink's Company in 2003.
Brink’s is popularly known for its bullet-resistant armored trucks which are used to carry money and priceless goods (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 Brink of Chicago, Illinois, Brink's Incorporated evolved from an armored transportation service to the premier provider of logistics solutions and secure transportation around the world.
Brink’s Home Security, started in 1983, is a provider of monitored security services for residential and commercial properties. The home security division of Brink's has steadily risen to be ADT's top competitor.
Brink's recently sold one of its core operations, BAX Global, a logistics and transportation solutions company. BAX Global was formerly known as Burlington Air Express. On January 31, 2006, Brink's sold BAX Global to Deutsche Bahn for US$1.1 billion.
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[edit] Brink's Home Security Spin-off
The Brink's Company announced on February 25, 2008 that it will spin-off Brink's Home Security into a separate publicly traded company. The spin-off is exepected to be completed in the fourth quarter of 2008.[1]
[edit] 1981 Armed Robbery
There was an attempted armed robbery of a Brinks armored car by members of the Weather Underground Organization and Black Liberation Army that took place on October 20, 1981. The robbery resulted in a shootout that left two police officers, Edward O'Grady and Waverly Brown, and a Brinks security guard, Pete Paige, dead. Paige's partner, Joe Trombino, was severely wounded in the gun battle, but survived. He later died in the World Trade Center during the 9/11 terrorist attacks in 2001.
[edit] 1993 Robbery
$7.4 million USD stolen from Brinks Armored Car Depot in Rochester, New York, the fifth largest robbery in US history. Four men, Samuel Millar, Father Patrick Moloney, former Rochester Police officer Thomas O'Connor, and Charles McCormick, all of whom had ties to the Irish Republican Army, were accused.[1]
