Jacobson Companies Being Sold to Norbert Dentressangle
By: Jacobson Companies September 03, 2014
Jacobson Companies is being sold by its current owner, Oak Hill Capital Partners, to Norbert Dentressangle, a publicly traded third-party logistics provider based in Lyon, France.
According to the parties, the combination will give Jacobson’s existing customers access to a broader set of services. Hervé Montjotin, chief executive officer of Norbert Dentressangle, said acquisition was a “key milestone” in the company’s push to become “a top-tier player in global supply-chain management, and a step change in expanding our global reach.” Oak Hill has been an owner of Jacobson for seven years. Jacobson manages more than 33 million square feet of warehouse space across 142 sites. The transaction is expected to close in mid-September.