Norwest Equity Partners has sold third-party logistics provider Jacobson Companies to Oak Hill Capital Partners. NEP initially invested in Jacobson in April 2004. NEP and Jacobson management together rolled over a significant portion of their proceeds resulting in a 20% post-closing ownership position in Jacobson for the parties. Jacobson is a Des Moines, Iowa-based national third-party logistics provider and warehousing company. Jacobson operates within several vertical segments, including warehousing, packaging, freight management, transportation and industrial staffing.
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