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Investment Firm Stonepeak Buys Majority Stake in Dupré
Stonepeak, a New York-based investment firm focused on infrastructure, has acquired a controlling interest in Dupré Logistics, which is based in Lafayette, Louisiana. Dupré Logistics provides a range of services, including energy distribution, on-site fleet logistics, and strategic capacity brokerage. With over 700 trucks and 1,000 employees, Dupré ranks prominently among North American transportation companies.
Stonepeak's managing director, Graham Brown, emphasized Dupré's established reputation in the Sun Belt and described the firm as a valuable addition to Stonepeak's logistics portfolio. Following the acquisition, Chris Sower has been appointed as the interim CEO, succeeding Mike Weindel. Sower, who has a background in supply chain logistics, will work closely with Dupré's leadership.
The partnership is anticipated to facilitate growth opportunities for Dupré, leveraging Stonepeak's extensive logistics experience. Reggie Dupré, the founder, will remain involved as a shareholder and acknowledged the significant evolution the company has undergone from its humble beginnings.
In the transportation sector, this acquisition highlights a trend of consolidation that is increasingly characterized by the need for companies to scale and innovate in service delivery. Companies having strong backing from investment firms like Stonepeak are better positioned to expand their operational capabilities and enhance service offerings. This strategic move could ultimately lead to better efficiency and customer satisfaction in a competitive market.
Stonepeak's managing director, Graham Brown, emphasized Dupré's established reputation in the Sun Belt and described the firm as a valuable addition to Stonepeak's logistics portfolio. Following the acquisition, Chris Sower has been appointed as the interim CEO, succeeding Mike Weindel. Sower, who has a background in supply chain logistics, will work closely with Dupré's leadership.
The partnership is anticipated to facilitate growth opportunities for Dupré, leveraging Stonepeak's extensive logistics experience. Reggie Dupré, the founder, will remain involved as a shareholder and acknowledged the significant evolution the company has undergone from its humble beginnings.
In the transportation sector, this acquisition highlights a trend of consolidation that is increasingly characterized by the need for companies to scale and innovate in service delivery. Companies having strong backing from investment firms like Stonepeak are better positioned to expand their operational capabilities and enhance service offerings. This strategic move could ultimately lead to better efficiency and customer satisfaction in a competitive market.