| Type | Public (NYSE: BCO) |
|---|---|
| Founded | 1859 |
| Headquarters | Richmond, Virginia, U.S. 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 | ▲?? million USD (2005) |
| Net income | ▲587.20 million USD (2005) |
| Employees | 54,000 (2006) |
| Website | http://www.brinks.com/ |
The Brinks Company (NYSE: BCO) is a security and protection company headquartered in Richmond, Virginia, United States. Its core business is Brinks, Incorporated; it spun off its Brinks Home Security operations into a separate company (Broadview Security) in 2008. 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 Brinks Company in 2003.
Brinks is popularly known for its bullet-resistant armored trucks which are used to carry money and valuable goods (once used to transport the Hope Diamond from an auction to the buyer's home). Brinks is a provider of security services to banks, retailers, governments, mints, and jewelers. Founded in 1859 by Perry Brink of Chicago, Illinois, Brinks Incorporated evolved from an armored transportation service to one of the main providers of logistics solutions and secure transportation in the world.
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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The Brink's Company announced on February 25, 2008 that it would spin-off Brink's Home Security into a separate publicly traded company.[1] The spin-off was completed in the fourth quarter of 2008, and by mid 2009 was re-branded as Broadview Security.[2]
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.[3]
$7.4 million USD was stolen from the 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.[4]
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