Norwest Equity Partners Completes Second Add-On for Jacobson Companies; Southwest Storage & Distribution Expands Jacobson's Capabilities.

MINNEAPOLIS -- Norwest Equity Partners ("NEP"), a leading private equity firm, announced today the closing of an add-on acquisition for one of its platform portfolio companies, Jacobson Companies, Inc. ("Jacobson"). Jacobson, a third party logistics provider headquartered in Des Moines, Iowa, has acquired Southwest Storage & Distribution L.L.P. ("SSDC"), a Phoenix, Arizona-based outsourced warehouse and transportation provider. The transaction was financed by senior debt provided by Madison Capital.

SSDC began operations in 1985, and its facility contains 154,000 square feet of freezer, cooler and dry storage space that occupies approximately four acres. In addition to SSDC's trucking operations that comprise nearly 50 leased tractors and trailers, it also has direct rail access to the Phoenix switching area which is served by the Union Pacific Railroad. SSDC has successfully combined rail, trucking and storage services since commencing trucking operations in 1988.

"The addition of Southwest Storage & Distribution to our company makes sense for our business model and growth plans," states Craig Petermeier, Jacobson President & CEO. "Adding cold storage capabilities has been one of our core growth strategies, especially to areas in which we already have a presence. Phoenix and the surrounding Southwest territory are certainly at the top of our list."

NEP initially invested in Jacobson in April, 2004. Erik Torgerson, NEP partner and Jacobson board member, shares, "We are pleased to complete this add-on acquisition for Jacobson. Growth through acquisitions remains consistent with our investment thesis for the company, and Southwest Storage & Distribution marks the second one within a 12 month period. We are right on track."

ABOUT JACOBSON COMPANIES

As a national third party logistics and warehousing company, Jacobson is dedicated to helping customers manage their supply chain management activities. The company is comprised of seven integrated operating companies: Jacobson Distribution Company, Jacobson Warehouse Company, Jacobson Transportation Company, Jacobson Logistics Company, Jacobson Packaging Company, Jacobson Staffing Company, Jacobson Investment Company, and Southwest Storage & Distribution. 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. The company's integrated trucking company, warehousing service and contract packaging are designed to help customers reduce supply chain costs. Visit www.jacobsonco.com for more information.

Norwest Equity Partners provides middle market companies with the capital they need to reach their goals. NEP takes pride in their extensive resources, carefully tailored transactions, meaningful partnerships, and continuing success. Since NEP's founding in 1961, it has earned a reputation as one of the premier private equity investment firms in the United States. Currently, NEP has in excess of $3 billion in capital under management. NEP has offices located in Minneapolis and Los Angeles. Visit NEP's Web site at www.nep.com.