M&A Deal Summary

Propio Acquires Akorbi

On November 18, 2024, Propio acquired business services company Akorbi

Acquisition Highlights
  • This is Propio’s 3rd transaction in the Business Services sector.
  • This is Propio’s 4th transaction in the United States.
  • This is Propio’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-11-18
Target Akorbi
Sector Business Services
Buyer(s) Propio
Deal Type Add-on Acquisition
Advisor(s) Riveron Consulting LLC
Texas Capital Securities (Financial)
Nelson Mullins Riley & Scarborough (Legal)

Target

Akorbi

Plano, Texas, United States
Akorbi is a certified woman-owned business specializing in multilingual digital transformation through localization, interpretation, and translation services. The company offers 24/7 support to customers in over 170 languages through its 300+ team members and 4,000+ contractors worldwide. Akorbi was founded in 2003 and is based in Plano, Texas.

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Buyer(S) 1

Buyer

Propio

Overland Park, Kansas, United States
Category Company
Founded 1998
Sector Business Services
DESCRIPTION

Propio is a provider of phone, video, and in-person interpretation, as well as document translation services. Propio offers superior interpreter quality to its clients and uses technology-oriented solutions to drive the highest value in the industry. Propio was founded in 1998 and is based in Overland Park, Kansas.

DEAL STATS #
Overall 4 of 4
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Texas) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-04 Telelanguage

Portland, Oregon, United States

Telelanguage is a language service provider that offers interpretation and translation services to over 8,000 organizations throughout the United States – across all industries. Telelanguage was founded in 1991 and is based in Portland, Oregon.

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Company

Legal