Add-on Acquisition • Business Services

Northern Pacific Group and Yukon Partners Exits United Language Group

On October 15, 2024, Propio invested in business services company United Language Group from Northern Pacific Group and Yukon Partners

Investment Context
  • 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 2nd transaction in Minnesota.

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Investment Summary

Date October 15, 2024
Target United Language Group
Sector Business Services
Investor(s) Propio
Sellers(s) Northern Pacific Group
Yukon Partners
Deal Type Add-on Acquisition

Target Company

United Language Group

Minneapolis, Minnesota, United States
United Language Group is a provider of translation, localization and other language-related business services to customers across a diverse array of end markets, including life sciences, manufacturing, legal/financial, IT, and hospitality. United Language Group was founded in 2015 and is based in Minneapolis, Minnesota.
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Investor Overview 1

Investor

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 Context for Investor #
Overall 4 of 6
Sector: Business Services 3 of 5
Type: Add-on Acquisition 4 of 6
State: Minnesota 2 of 2
Country: United States 4 of 6
Year: 2024 1 of 2
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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 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.

Buy -

Seller Profiles 2

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 Context for Seller #
Overall 3 of 4
Sector: Business Services 1 of 1
Type: Add-on Acquisition 3 of 4
State: Minnesota 1 of 1
Country: United States 3 of 4
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Colby Auto Investments

Phoenix, Arizona, United States

Colby Auto Investments is a multi-branded used car distributor with territories throughout the Southwest. Colby Auto Investments is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-08 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.

Sell -
SELLER

Yukon Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2008
PE ASSETS 640M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Yukon Partners is a mezzanine finance firm that works with private equity sponsors to fund a variety of investment situations. Yukon looks to invest $10 to $40 million to support buyouts, recapitalizations, take privates, and refinancings. Sectors of interest include automotive, building products, business services, consumer products, food/beverages, healthcare products/services, industrial manufacturing, niche manufacturing, and transportation/logistics. Prospective companies generally have revenues of $30 to $500 million and are profitable with EBITDA of $5 to $50 million. Yukon Partners was formed in 2008 and is based in Minneapolis, Minnesota.


Deal Context for Seller #
Overall 29 of 29
Sector: Business Services 2 of 2
Type: Add-on Acquisition 8 of 8
State: Minnesota 1 of 1
Country: United States 28 of 28
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-11 Quantum Design

San Diego, California, United States

Quantum Design is a manufacturer and distributor of instrumentation for material characterization and other advanced research applications. Quantum Design was founded in 1982 and is based in San Diego, California.

Buy -