Palm Beach, FL – October 3, 2008 –BG Strategic Advisors is pleased to announce that Dixie Warehouse Services, LLC, a warehouse and transportation focused outsourced 3PL provider based in Louisville, Kentucky, has merged with Jacobson Companies of Des Moines, Iowa, a leader in providing third-party logistics services. BG Strategic Advisors acted as the exclusive financial advisor to Dixie Warehouse Services in this transaction.
Don Smith, President and Chief Operating Officer of Dixie Warehouse Services, stated, "From the moment I met Craig and his executive staff, I have been excited about the opportunities this merger will provide both companies. To see how similar Jacobson and Dixie are in their culture, their desire to take care of their employees, and their focus on providing the best customer service possible makes for a seamless transition."
“This is a great opportunity for us to leverage the synergies between the two companies and expand our family of services to other key regions in the South and Southeast, which are key to our future growth and success,” stated Craig Petermeier, Jacobson’s CEO.
“This merger will introduce a nationwide service offering and new freight management services to our existing Dixie Warehouse customers. The result is we can bring more value-added solutions across their supply chain from end-to-end,” says Rick Finkbeiner, the combined companies’ President and Chief Business Development Officer.
With this merger, Jacobson becomes the fourth largest warehouse 3PL provider in the nation, offering services worldwide and utilizing approximately 140 distribution center facilities and an additional 40 trucking, staffing, and cross-docking facilities strategically located across the country.
About Dixie Warehouse Services
Dixie offers a 70-year tradition of service excellence as part of the Louisville, Kentucky marketplace, and has become the largest independent warehouse provider serving several Fortune 500 customers. Dixie operates over 1.2 million square feet of warehouse space in Louisville, which includes providing innovative rail-served distribution solutions. The company’s service has been recognized by its blue chip customers and has offered additional opportunities, including its expansion in Louisiana, where Dixie has operated an additional 2 million square feet of warehouse space for the past 10 years. For more information, visit http://www.dixiewarehouse.com.
About Jacobson Companies
A nationally ranked third-party logistics and ISO-9001:2000 quality certified warehousing provider, Jacobson is dedicated to providing innovative solutions to customers’ supply chain management challenges. The Jacobson organization includes the following family of integrated operating companies: Jacobson Warehouse Company, Jacobson Transportation Company, Jacobson Logistics Company, Jacobson Packaging Company, and Jacobson Staffing Company. The Jacobson Companies operate a 32 million-square-foot national network of warehouse space. Jacobson’s integrated transportation, warehousing and packaging, and staffing operations are designed to help customers reduce their supply chain management costs. For more information, visit http://www.jacobsonco.com.
About BG Strategic Advisors
BGSA acted as the exclusive financial advisor to Dixie Warehouse Services, LLC on this transaction. BG Strategic Advisors (“BGSA”) is the leading M&A advisory firm focused on the logistics and supply chain industry. The firm specializes in providing CEOs in the logistics and supply chain industry with the tools to maximize their companies’ value. BGSA has worked on several well-known supply chain deals, including the sale of Wilpak to Jacobson Companies, the PWC Logistics acquisition of GeoLogistics, the Unicity sale to PBB, the Air-Road sale to Reliant Equity, and many others. For more information, or to explore a sale, merger, acquisition, capital raise or other strategic initiative for your company, please contact Managing Director Benjamin Gordon at (561) 932-1601 or email Benjamin@bgsa.com.