French transportation company Norbert Dentressangle is buying private equity-backed Jacobson Cos. for $750 million to increase its presence in the U.S. logistics market.

Jacobson, headquartered in Des Moines, Iowa, provides warehousing and transportation services.

Lyon, France-based Norbert provides international logistics and transportation services.  The acquisition is expected to close in September. The company expects the deal to increase its revenue by 15 percent and help it grow in the U.S. logistics and transport.

Private equity firm Oak Hill Capital Partners is selling Jacobson. The PE firm has more than $8 billion in committed capital, and has invested in more than 70 transactions. The firm focuses on consumer, retail, industrial, media and services deals.  In May, Oak Hill sold a stake in the Hillman Companies Inc. to CCMP Capital Advisors LLC. 

Other recent logistics and transportation deals include: Rotunda Capital Partners’ May purchase of a majority stake in warehousing and fulfillment services company Amware Logistics Services; and TriEnda Holdings LLC's April acquisition of shipping company Lexington Logistics LLC

Macquarie Capital acted as Norbert's financial adviser on the deal. 

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