The Brink's Company
Encyclopedia
The Brink's Company is a security and protection company headquartered in Richmond, Virginia
, United States
. Its core business is Brink’s, Incorporated; it spun off its Brink’s 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 Brink’s Company in 2003.
Brink’s 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). 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 one of the main providers of logistics
solutionsand secure transportation in the world. About three quarters (72% in the third quarter of 2010) of Brink's revenue comes from business outside of North America. In 2010 17% of revenue came from France (which accounted for 44% of European business)
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.
On January 19, 2010, Tyco International
announced that it is acquiring Broadview Security in a transaction that will bring together two of the largest names in home and commercial security. Broadview will merge and operate under ADT Security Services
.
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 Brink’s 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.
, New York
, the fifth largest robbery in US history. Four men, Samuel Millar, Rev. 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.
On November 15, 2010 the court refuse the bankruptcy. "This bankruptcy confession is inadmissible because it was premature and therefore unfounded," said the procureur. "The responsibility of the directors of Brink's is engaged and it is a regrettable fraud on the bankruptcy laws and a manipulation of the court in order to reduce internal social conflict". The court proceeded with the appointment of counsel Gérard Delvaux and Alain Zenner as provisional directors of Brinks.
On November 16, 2010 the public court is looking of misuse of corporate assets. On November 25, 2010 the court of commerce accepted a protection of Brink's against its creditors. With this, the provisional directors can continue negotiating with interested companies. At that time, there are 2 Belgian and 2 foreign companies interested.
Richmond, Virginia
Richmond is the capital of the Commonwealth of Virginia, in the United States. It is an independent city and not part of any county. Richmond is the center of the Richmond Metropolitan Statistical Area and the Greater Richmond area...
, United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Its core business is Brink’s, Incorporated; it spun off its Brink’s 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 Brink’s Company in 2003.
Brink’s 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
Hope Diamond
The Hope Diamond, also known as "Le bleu de France" or "Le Bijou du Roi", is a large, , deep-blue diamond, now housed in the Smithsonian Natural History Museum in Washington, D.C. It is blue to the naked eye because of trace amounts of boron within its crystal structure, but exhibits red...
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
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
, Illinois, Brink’s Incorporated evolved from an armored transportation service to one of the main providers of logistics
Logistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
solutionsand secure transportation in the world. About three quarters (72% in the third quarter of 2010) of Brink's revenue comes from business outside of North America. In 2010 17% of revenue came from France (which accounted for 44% of European business)
Brink's recently sold one of its core operations, BAX Global, a logistics
Logistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
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
Deutsche Bahn
Deutsche Bahn AG is the German national railway company, a private joint stock company . Headquartered in Berlin, it came into existence in 1994 as the successor to the former state railways of Germany, the Deutsche Bundesbahn of West Germany and the Deutsche Reichsbahn of East Germany...
for US$1.1 billion.
Brink's Home Security
The Brink's Company announced on February 25, 2008 that it would spin off Brink's Home Security into a separate publicly traded company. The spin-off was completed in the fourth quarter of 2008, and by mid 2009 was re-branded as Broadview Security.On January 19, 2010, Tyco International
Tyco International
Tyco International Ltd. is a highly diversified global manufacturing company incorporated in Switzerland, with United States operational headquarters in Princeton, New Jersey...
announced that it is acquiring Broadview Security in a transaction that will bring together two of the largest names in home and commercial security. Broadview will merge and operate under ADT Security Services
ADT Security Services
ADT Security Services, originally American District Telegraph, now also known as simply ADT, is a division of Tyco International and a worldwide supplier of electronic security systems, fire alarm systems, communication systems, and integrated building management systems.-History:There were many...
.
Great Brink's Robbery
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, USA, on the night of January 17, 1950. Led by Boston small-time hood, Tony "Fats" Pino, eleven 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". The robbery was the work of an eleven-member gang, all of whom were later arrested, but all were parolled and released by 1971, except for one member, who died in prison. Despite ongoing efforts by the FBI and local authorities, only $58,000 of the initial $2.7 million stolen was ever recovered.1981 armed robbery
There was an attempted armed robbery of a Brink’s armored carArmored car (valuables)
A common meaning of armored car is as an armored van or truck, used in transporting valuables, such as large quantities of money . The armored car is a multifunctional vehicle designed to protect and ensure the well being of the transported individuals and/or contents...
by members of the Weather Underground Organization and Black Liberation Army
Black Liberation Army
The Black Liberation Army was an underground, black nationalist-Marxist militant organization that operated in the United States from 1970 to 1981...
that took place on October 20, 1981. The robbery resulted in a shootout
Shootout
A shootout is a gun battle between armed groups. A shootout often, but not necessarily, pits law enforcement against criminal elements; it could also involve two groups outside of law enforcement, such as rival gangs. A shootout in a military context A shootout is a gun battle between armed groups....
that left two police officers, Edward O'Grady and Waverly Brown
Waverly Brown
Waverly L. Brown was a Nyack, New York police officer who was killed in the line of duty during an infamous 1981 armed robbery of a Brinks Armored Car, along with fellow Nyack officer Edward O'Grady II and Brinks security guard Peter Paige...
, and a Brink’s 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
World Trade Center
The original World Trade Center was a complex with seven buildings featuring landmark twin towers in Lower Manhattan, New York City, United States. The complex opened on April 4, 1973, and was destroyed in 2001 during the September 11 attacks. The site is currently being rebuilt with five new...
during the 9/11 terrorist attacks
September 11, 2001 attacks
The September 11 attacks The September 11 attacks The September 11 attacks (also referred to as September 11, September 11th or 9/119/11 is pronounced "nine eleven". The slash is not part of the pronunciation...
in 2001.
Brink's-MAT robbery
On November 26, 1983 there was an armed robbery at a warehouse near Heathrow Airport, London operated by former Brink's joint venture Brink's-MAT. Three tonnes of gold bullion (worth £26 million) was stolen. Most of the gold has never been recovered.1993 robbery
$7.4 million was stolen from the Brink’s Armored Car Depot in RochesterRochester, New York
Rochester is a city in Monroe County, New York, south of Lake Ontario in the United States. Known as The World's Image Centre, it was also once known as The Flour City, and more recently as The Flower City...
, New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, the fifth largest robbery in US history. Four men, Samuel Millar, Rev. Patrick Moloney, former Rochester Police officer Thomas O'Connor, and Charles McCormick, all of whom had ties to the Provisional Irish Republican Army
Provisional Irish Republican Army
The Provisional Irish Republican Army is an Irish republican paramilitary organisation whose aim was to remove Northern Ireland from the United Kingdom and bring about a socialist republic within a united Ireland by force of arms and political persuasion...
, were accused.
2010 Belgium
Brink's just filed for bankruptcy in Belgium early November. It accuses the unions being responsible. At the same time, Brink's has applied for and obtained a license to transport funds. The conciliator office and the minister denounced the unwillingness of the leadership to negotiate and the Belgian trade union "investigating" to determine if the bankruptcy is fraudulent or not.On November 15, 2010 the court refuse the bankruptcy. "This bankruptcy confession is inadmissible because it was premature and therefore unfounded," said the procureur. "The responsibility of the directors of Brink's is engaged and it is a regrettable fraud on the bankruptcy laws and a manipulation of the court in order to reduce internal social conflict". The court proceeded with the appointment of counsel Gérard Delvaux and Alain Zenner as provisional directors of Brinks.
On November 16, 2010 the public court is looking of misuse of corporate assets. On November 25, 2010 the court of commerce accepted a protection of Brink's against its creditors. With this, the provisional directors can continue negotiating with interested companies. At that time, there are 2 Belgian and 2 foreign companies interested.