A French logistics group will buy Clive-based Jacobson Cos., which runs warehouses across 142 U.S. sites and a large fleet of tractors and semitrailers, Reuters reported today.
The global air, sea and land transport group Norbert Dentressangle will pay $750 million to the private equity fund Oak Hill Capital Partners for the company in a debt-free transaction that is expected to close in mid-September.
Norbert Dentressangle CEO Herve Montjotin said the purchase was a step toward the family-controlled group's goal to become a top player in global supply-chain management, and that the Jacobson purchase will make his company "scalable" in the fast-growing U.S. logistics and transport market.
Founded in 1968, Jacobson had an annual revenue of $800 million in 2013 with 5,500 employees around the country, according a news release.
Montjotin said no jobs will be cut at Jacobson, according to DesMoinesRegister.com. The company has about 220 employees.
"We really want to sustain this team and the way they do business and manager their customers," Montjotin said. "There is no reason for change in Des Moines. Our goal is to use Jacobson as a platform to grow in the U.S."