M&A Deal Summary

Oak Hill Capital Acquires Jacobson Co.

On June 4, 2007, private equity firm Oak Hill Capital acquired transportation company Jacobson Co. from NMP Capital and Norwest Equity Partners

Acquisition Highlights
  • This is Oak Hill Capital’s 3rd transaction in the Transportation sector.
  • This is Oak Hill Capital’s 24th transaction in the United States.
  • This is Oak Hill Capital’s 1st transaction in Iowa.
Investment Fate
  • Jacobson Co. was sold to a publicly-traded strategic buyer in 2014 for 750M USD.

M&A Deal Summary

Date 2007-06-04
Target Jacobson Co.
Sector Transportation
Buyer(s) Oak Hill Capital
Sellers(s) NMP Capital
Norwest Equity Partners
Deal Type Secondary Buyout

Target

Jacobson Co.

Des Moines, Iowa, United States
Jacobson Companies is a national third party logistics (3PL) company offering end-to-end supply chain management solutions around the globe. Jacobson provides creative and technology-forward logistics solutions that lead to on-time deliveries, solving complex logistics and customs scenarios and reducing logistics costs for customers.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


DEAL STATS #
Overall 28 of 79
Sector: Transportation M&A 3 of 4
Type: Secondary Buyout M&A Deals 4 of 25
State: Iowa M&A 1 of 1
Country: United States M&A 24 of 72
Year: 2007 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-09 IPWireless

San Francisco, California, United States

General Dynamics C4 Systems has developed lifesaving communication products, integrating them into secure networks that deliver vital information for military, homeland security and public safety professionals.

Sell $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-24 Arnold Logistics

Camp Hill, Pennsylvania, United States

Arnold Logistics is a provider of supply chain management and distribution solutions to some of America's most prestigious companies. Arnold Logistics was founded in 1976 and is based in Camp Hill, Pennsylvania.

Sell -

Seller(S) 2

SELLER

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 13 of 56
Sector: Transportation M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 21
State: Iowa M&A 2 of 3
Country: United States M&A 12 of 54
Year: 2007 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-04 Benchmark Medical

Malvern, Pennsylvania, United States

Benchmark Medical, Inc. is a provider of musculoskeletal rehabilitation services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Portable Facilities Holdings

Escondido, California, United States

Portable Facilities Holdings, Inc. is a provider of portable sanitation equipment rental, debris removal, and other construction site services in Greater San Diego, CA, and Greater Charlotte, NC, respectively. Portable Facilities Holdings was established in 1994 and is based in Escondido, California.

Buy -
SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1961
PE ASSETS 6.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $75 to $175 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 8 of 56
Sector: Transportation M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 24
State: Iowa M&A 2 of 3
Country: United States M&A 8 of 54
Year: 2007 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-28 Mitchell

San Diego, California, United States

Mitchell is a provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries. Mitchell was founded in 1946 and is based in San Diego, California.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-15 Airpax

Cambridge, Maryland, United States

Airpax Corporation is the manufacturer of hydraulic magnetic circuit breakers and select thermostats and temperature sensors. These products provide protection for equipment, machinery and instruments in end markets including telecommunications, wireless communication, power, information processing, HVAC, industrial and defense.

Sell $276M