Norbert Dentressangle completed acquisition

Norbert Dentressangle has announced it has completed the previously announced acquisition of all the shares of privately held US third party logistics (3PL) provider, Jacobson Companies from Oak Hill Capital Partners for US$750 million.


Norbert Dentressangle completed acquisition


Norbert Dentressangle has announced it has completed the previously announced acquisition of all the shares of privately held US third party logistics (3PL) provider, Jacobson Companies from Oak Hill Capital Partners for US$750 million.

The deal has received all necessary regulatory approvals. Headquartered in Des Moines, IA, Jacobson is one of the largest value-added warehousing 3PL providers in North America with integrated domestic transportation management capabilities, with annual revenue of approximately $800 million in 2013, 9.5 per cent EBITDA margin and 5,500 employees.

The transaction increases the scale of Norbert Dentressangle, both globally with a 15 per cent increase in annual revenue to $6.8 billion and also in the US logistics and transport market where the group becomes scalable with approximately $800 million of annual gross revenues in 2013.

The French logistics company said the US market will represent 14 per cent of Norbert Dentressangle’s annual revenue going forward, making it the third largest operating country for the company.