On June 28, 2022, Latin American language service provider (LSP) Stillman Translations announced its acquisition by Canada-based White Knight Capital Management. The terms of the acquisition remain undisclosed.
Stillman Translations is headquartered in Argentina, with offices in Brazil, Peru, Egypt, the UK, and the US. The LSP was founded in 2011 and has end-clients in over 50 countries, working with more than 150 language pairs.
Among Stillman’s projects, translating over a million words for Pfizer’s Covid-19 vaccine. The company bills itself as offering “industry-specific language support” for customers including Google, Huawei, Dropbox, and Uber.
Marketing Manager, Serenella Domizi, told Slator that Stillman’s business continued to grow, particularly in the health and education sectors, throughout the pandemic.
“During these years, we not only refined our expertise in these industries but added new services, new languages, and improved our processes,” Domizi said, adding that the LSP became ISO 9001 and 17100 certified in 2021. “That is why we expect to keep on growing.”
After 12 years, Stillman founder Hugo Rizzi reportedly decided to step down as CEO to allow a new leader with a different skill set to support the company’s continued expansion.
White Knight and Stillman worked closely together for several months to finalize the transaction, which culminated with an in-person closing celebration in Cordoba, Argentina.
White Knight President and Chief Investment Officer, Brogan Taylor, will assume the role of Chairman and CEO, while María Carolina Li Gambi, previously Transversal Relations Manager, was appointed President and will assume senior operational leadership.
“White Knight has a growth mindset and the corporate finance and strategic skill set needed to take Stillman to the next level,” Domizi said. “Coming from a private equity and corporate finance consulting background, Mr. Taylor is adept at quickly learning new industries and is especially comfortable in the service-based industry vertical.”
Privately held White Knight is focused on buyouts and Taylor has experience in corporate turnarounds as well as operational restructurings.
Domizi added, “White Knight sees the Stillman investment as a platform business to grow organically and through further acquisitions to significantly scale its business model around the world.”