M&A Deal Summary

Northern Pacific Group Acquires 1st Choice Delivery

On May 9, 2017, private equity firm Northern Pacific Group acquired transportation company 1st Choice Delivery

Acquisition Highlights
  • This is Northern Pacific Group’s 1st transaction in the Transportation sector.
  • This is Northern Pacific Group’s 6th transaction in the United States.
  • This is Northern Pacific Group’s 1st transaction in Missouri.

M&A Deal Summary
Date 2017-05-09
Target 1st Choice Delivery
Sector Transportation
Buyer(s) Northern Pacific Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) R.L. Hulett & Co., Inc. (Financial)

Target

1st Choice Delivery

Maryland Heights, Missouri, United States
1st Choice Delivery is a provider of mile delivery services in the central Midwest for pharmaceutical distributors, office product suppliers, and other time-sensitive commodities. 1st Choice Delivery was founded in 1989 and is based in Maryland Heights, Missouri.

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Buyer(S) 1

Buyer

Northern Pacific Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Northern Pacific Group is a private equity firm focused on acquiring and investing in lower middle-market companies with revenues between $10 and $100 million. Northern Pacific will consider opportunities throughout the US, however the Firm has a focus on businesses operating in the upper Midwest. Target companies typically exhibit possess recurring revenue, high gross margins, and opportunities for growth. Sectors of interest include technology and business services. Northern Pacific Group was formed in 2012 and is headquartered in Minneapolis, Minnesota.

DEAL STATS #
Overall 7 of 12
Sector (Transportation) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 6
State (Missouri) 1 of 1
Country (United States) 6 of 11
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-26 Sungevity

Oakland, California, United States

Sungevity is a solar company focused on the residential market providing customers with 20-year leases. Sungevity is committed to providing homeowners and businesses across the nation with smart, simple and clean, solar energy solutions supported by best-in-class technology and customer experience. Sungevity was founded in 2007 and is based in Oakland, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-23 Pipeworks Studios

Eugene, Oregon, United States

Pipeworks Studios is an independent studio specializing in advanced consumer and commercial games with innovative, “real world” scenarios for a diverse community of corporate partners. With high-tech projects ranging from Terraria to military simulations, Pipeworks expertly produces amazing game experiences and applications across a variety of industries, technologies, and platforms. Pipeworks Studios was founded in 1999 and is based in Eugene, Oregon.

Buy $20M
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