News

April 7, 2004

Norwest Mezzanine Partners Invests $17.0 Million in The Jacobson Companies

Norwest Mezzanine Partners invested $17.0 million of senior subordinated debt inThe Jacobson Companies (“Jacobson”), a leading national third party logistics and warehousing company that is dedicated to helping customers manage their supply chain management activities.  Jacobson is comprised of six integrated operating companies: Jacobson Warehouse Company, Jacobson Transportation Company, Jacobson Logistics Company, Jacobson Packaging Company, Jacobson Staffing Company, and Jacobson Investment Company.  Working together, the operating companies serve the needs of leading manufacturing companies, providing full-service, seamless solutions to the complexities of supply chain management and helping clients achieve a greater return on assets.  Jacobson’s integrated trucking company, warehousing service, and contract packaging are designed to help customers reduce supply chain costs.

Norwest Equity Partners served as the private equity sponsor on this transaction. Visit www.nep.com for more information.

NMP Contact: Carter Balfour, 612-215-1664, cbalfour@nmp.com

Norwest Equity Partners (NEP) is a leading middle market investment focused on partnering with business owners and building companies into industry leaders. With a reputation for quality investments and exceptional financial returns since 1961, NEP manages nearly $5 billion of capital through a series of equity and mezzanine funds. Offering creative and flexible transaction solutions through management buyouts, recapitalizations and growth financings, NEP seeks $30-$150 million equity investment opportunities for growing and profitable companies within the agriculture, applied technology, business services, consumer products and services, distribution, healthcare and industrial industry sectors. NEP is headquartered in Minneapolis, Minnesota; please visit nep.com for more information.