United Language Group Completes 2nd Acquisition: Acquires KJ International and Closes Merrill Brink Transaction
8.6.2016 13:00 | Business Wire
United Language Group (ULG) today announced the completion of its acquisition of Merrill Brink International, formerly a subsidiary of Merrill Corporation. Simultaneously, ULG acquired its 2nd company, KJ International Resources (KJI), a Minneapolis-based language-service provider specializing in the life sciences sector.
ULG was formed in 2015 by industry veterans Jeff Brink, Hans Fenstermacher, and Greg Brink, later joined by veteran CFO Karrie Willis, as a platform to assemble a family of complementary companies, with a goal of becoming one of the largest language-service providers in the world.
“We are delighted to launch our strategy with Merrill Brink, then immediately strengthen our life sciences practice with KJ International,” said Jeff Brink, CEO of ULG. “Both companies have developed strong brands and customer loyalty, and share similar corporate cultures. Additionally, both organizations will benefit from cross-pollination of complementary technologies, skillsets and an expanded global footprint. We believe KJ International is a perfect fit, underscoring our commitment to the life sciences sector.”
“We are thrilled to be joining forces with ULG. This opportunity will benefit our clients as we expand our current translation and localization offerings, and further advance our skills and expertise within highly regulated industries,” said Kristen Giovanis, co-founder and CEO of KJI. With its second acquisition, ULG is already at approximately $50 million in annual revenues, immediately ranking it in the top 25 language-service companies worldwide, according to industry analyst Common Sense Advisory.
ULG is backed by equity investment firm Northern Pacific Group (NPG), with mezzanine capital from Yukon Partners (Yukon) and senior credit from Bell Capital. “We’re excited about this investment in the language business and we see tremendous opportunities for growth, both organically and through further acquisitions. We expect to be very active in this highly-fragmented $40 billion industry,” said Peter Offenhauser, Partner of NPG.
Mike Hall, Managing Partner of Yukon, added, “We are excited to partner with NPG and ULG management to support the Company’s growth strategy. We are confident that with NPG’s leadership, alongside management’s strong operational expertise and industry experience, the ULG platform is well positioned for future growth.”
About United Language Group
United Language Group is a global organization headquartered in Minneapolis with offices in New York, Hong Kong, Galway (Ireland), and London. ULG is dedicated to building and managing a portfolio of high-performing and complementary language service providers. United Language Group adds value and leverages synergies for the collective benefit of its companies and customers. For more information, please visit http://www.united-lg.com.
About Northern Pacific Group
Northern Pacific Group is a Minnesota-based growth equity investment firm focused on acquiring and investing in growing companies in the Midwest. Northern Pacific Group seeks to partner with ownership groups and management teams in order to add value beyond just providing capital. For more information, please visit http://www.northernpacificgroup.com.
About KJ International Resources
KJ International Resources is a leading provider of translation and localization services in a wide range of medical, technical and other highly regulated fields. KJI is committed to excellent customer service and high quality language services that support the global requirements of our international clients. For more information, please visit http://www.kjinternational.com.
About Yukon Partners
Yukon Partners is an independent and unaffiliated mezzanine firm primarily serving middle market private equity sponsored business transactions with a typical investment range of $10 to $40 million in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon Partners is based in Minneapolis, Minnesota. For more information, please visit www.yukonpartners.com.
Om Business Wire
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
PPG Completes COLORFUL COMMUNITIES Project at Primary School in Kecskemét, Hungary21.8.2017 08:03 | Pressemelding
PPG (NYSE:PPG) today announced the completion of a COLORFUL COMMUNITIES™ project in Kecskemét, Hungary, that helped revitalize the learning environment of the Corvin Mátyás primary school. The Colorful Communities program provides PPG volunteers and products along with financial contributions to bring color and vitality to communities where the company operates around the world, such as in Kecskemét, where the PPG automotive service team operates with 33 employees. The project brought together more than 140 PPG and community volunteers who spent three days at the school revitalizing four classrooms, four changing rooms and the playground. PPG provided more than $20,000 to assist with the project, including more than 460 liters of Héra ® Prémium waterborne interior paint and Trinát ® Aqua wate
Glennmont Partners Completes Refinancing of Sleaford Biomass Plant for £150m21.8.2017 08:00 | Pressemelding
Glennmont Partners has successfully completed the refinancing of the Sleaford Renewable Energy Plant on behalf of its dedicated clean energy fund, Glennmont Clean Energy Fund Europe I, as part of a programme of realisations of value from the Fund. Glennmont Partners is one of Europe’s largest fund managers focusing exclusively on investment in clean energy infrastructure. Glennmont raises long-term capital to invest in alternative power generation projects including wind farms, biomass power stations, solar parks and small-scale hydro power plants. The carefully selected, risk managed investments deliver sustained performance and predictable returns over periods of 10 years or more. Sleaford REP is a 40MWe straw-fired biomass plant located in Lincolnshire, UK. The plant has been in operation since 2014 and is being operated by Burmeister & Wain Scandinavian Contractor (BWSC). The
Boehringer Ingelheim: Advancing anticoagulation care with new data at ESC Congress 201721.8.2017 07:08 | Pressemelding
Boehringer Ingelheim today announced that it will present important new data on the treatment of patients with atrial fibrillation (AF) at the ESC Congress in Barcelona, Spain, 26-30 August 2017. In total, four abstracts have been accepted, investigating different aspects of AF patient treatment. The results of the RE-DUAL PCI™ trial have been selected for one of the Late Breaking Science sessions of the congress. The RE-DUAL PCI™ trial compared dual therapy with triple therapy after percutaneous coronary intervention (PCI) with stent placement in approximately 2,500 adults with atrial fibrillation. Patients were either treated with dabigatran etexilate (Pradaxa®) and a single antiplatelet agent or with the vitamin K antagonist (VKA) warfarin and two antiplatelets. The dabigatran doses investigated in this trial are the same doses which have already demonstrated effective stroke preven
Study Investigates Performance of Masimo PVi® As Part of Goal-Directed Fluid Therapy During Laparoscopic Bariatric Surgery21.8.2017 06:00 | Pressemelding
Masimo (NASDAQ: MASI) announced today the findings of a recently published study in which researchers at Firat University in Turkey evaluated the performance of Masimo PVi®, a noninvasive and continuous measurement of the dynamic changes in perfusion index (Pi) that occur during respiratory cycles, as the basis of a goal-directed fluid therapy (GDFT) protocol during laparoscopic bariatric surgery on mechanically-ventilated patients.1 In the study, Dr. Demirel and colleagues sought to evaluate whether using GDFT guided by PVi on morbidly obese patients undergoing laparoscopic Roux-en-Y gastric bypass (RYGB) surgery might result in less intravenous fluid use without compromising outcomes. They enrolled 60 patients and divided them randomly into control and GDFT groups. The control group’s fluid levels were managed by standard fluid therapy, using mean arterial pressure (MAP) and
Permasteelisa Group to Join Grandland21.8.2017 04:11 | Pressemelding
Worldwide leading contractor in engineering, project management, manufacturing and installation of architectural envelopes and interior systems, Permasteelisa Group, will join forces with Grandland Group – a fast growing, Shenzhen-based specialist in design and construction of architectural decoration. The strategic alliance will create the biggest, most comprehensive curtain wall player in the world, with exceptional potential for further growth for both companies. Permasteelisa will remain fully committed to build avant-garde architectures and top end, high-quality projects which have become its trademark. The news comes today after LIXIL Group Corporation (LIXIL Group) (TOKYO: 5938) – a global leader in the housing and building industry – announced that it has decided to sell 100% of shares of Permasteelisa S.p.A., held by its major subsidiary LIXIL Corporation, to Grandland Holding
LIXIL to Sell Permasteelisa to Grandland21.8.2017 03:42 | Pressemelding
LIXIL Group Corporation (LIXIL Group) (TOKYO:5938), a global leader in the housing and building industry, today announced that it has decided to sell 100% of the shares of Permasteelisa S.p.A (Permasteelisa) held by its major subsidiary LIXIL Corporation to Grandland Holdings Group Limited (Grandland), a leading Chinese architectural design and construction company. The transaction is subject to customary closing conditions and regulatory approvals, including in China, the United States and Russia. Under the terms of the agreement, the base sale price for Permasteelisa is EURO 467 million. As a result of this transaction and the deconsolidation of Permasteelisa from LIXIL Group, LIXIL Group’s revenue for the full fiscal year ending March 2018 is expected to decrease by approximately 170.0 billion yen from the amount announced on May 8, 2017 (by approximately 9.2% of the previously fore
I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.Besøk vårt presserom