Oak Hill Capital eyes up to $700m from Jacobson Companies sale

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truck lorry_sqUS buyout house Oak Hill Capital Partners has reportedly hired JP Morgan Chase in an attempt to sell logistics business Jacobson Companies for up to $700m.

An auction for the company is expected to start within the next few weeks according to Reuters, which cited people familiar with the matter.

They said Jacobson has an EBITDA of about $75m.

Last November Oak Hill sold 19 television stations in 16 markets to Tribune Co for $2.73bn.

Oak Hill holds a controlling stake in Local TV, which was established to buy the nine local TV stations from the New York Times in 2007 and owned the 19 stations sold to Tribune.

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