10.7.1.3Vertical
High-Value Cargo Transport
Carriers transporting high-value goods requiring security.
Market snapshot
These figures describe Armored & Secure Transport (10.7.1), the segment that High-Value Cargo Transport sits within — not High-Value Cargo Transport on its own.
- Market size
- ~$4B
- Growth
- ~3.0%CAGR (2017–22, nominal)
- Companies
- ~770
FragmentationConsolidatedEstimate
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 561613 (armored car services).
Business model & economics
Revenue model
Armored-transport routes and cash-management services
Key economics
- Recurring revenue
- High
- EBITDA margin
- Route-density-driven
- Capex intensity
- Moderate
recurring route and cash-management contracts
Characteristics
- Oligopoly (Brink's, Loomis, GardaWorld).
- Secular cash-use decline a structural headwind.
- Shift to cash-management technology and services.
M&A deal context
Deal activityModerate
Who’s acquiring
- Armored-transport majors
- Cash-management technology providers
- PE-backed platforms
What’s driving deals
- Cash-management-technology expansion.
- Route-density consolidation.
- Cash-to-digital structural shift.
Find High-Value Cargo Transport acquisition targets
Search Acquisera’s index for companies classified under High-Value Cargo Transport (10.7.1.3) and build a targeted deal pipeline.
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