Dupre Logistics, with a fleet of more than 700 trucks and 1,000 professional drivers, has new ownership.
New-York-based investment firm Stonepeak has acquired Louisiana-based Dupré Logistics.
Dupré provides energy distribution services, onsite and private fleet services, and capacity brokerage services, with an extensive presence on the Gulf Coast and widespread coverage across the rest of the country.
Today, Dupré maintains a fleet of more than 700 trucks and 1,000 professional drivers and is partnered with more than 16,000 preferred carriers.
New Leadership for Dupre Under Stonepeak
Chris Sower has been appointed interim chief executive officer of Dupré, effective immediately, succeeding Mike Weindel.
Sower brings over 25 years of experience in supply chain logistics and has served in leadership positions at companies similar to Dupré, according to the announcement.
“Over the last 40 years, Dupré has established an impressive footprint, becoming an integral part of the supply chain in the Sun Belt,” said Graham Brown, managing director at Stonepeak.
“We believe that Dupré will be a great complement to our growing transportation and logistics portfolio and look forward to working hand-in-hand with Reggie, Chris, and the Dupré team to take the company to the next level.”
Dupre founder Reggie Dupre said the deal is “an exciting new chapter” for the company.
A Dupre Logistics Timeline
- Founded in 1980 in the gasoline and diesel distribution business.
- In 1985 the company added bulk chemicals to its freight mix, followed by dry van freight the following year.
- In the 1990s Dupre got into non-asset service and dedicated contract business. It implemented an innovative behavioral-based safety program in 1997, followed by a fatigue management program in 2001.
- In 2008, Dupre Transport became Dupre Logistics.
- In 2010, then-President and COO Tom Voelkel was named an HDT Truck Fleet Innovator.
- In 2011 it entered into shale services. In 2017 its strategic capacity services expanded nationally.
Today, Dupré Logistics is a privately held transportation company with three distinct business divisions: Energy Distribution Services, Site and Private Fleet Services, and Strategic Capacity Services.
With extensive coverage on the Gulf Coast and widespread coverage across North America, Dupré Logistics has been nationally recognized for its commitment to safety, and for its unique business model, which combines company-owned assets and an extensively vetted carrier network.
More About the Stonepeak-Dupre Deal
“What started as a two-truck operation has now become a sophisticated, multi-segment business,” Dupre said. “We are now ushering in a new era at Dupré with new leadership, and with change comes opportunity.
“With Stonepeak’s extensive supply chain expertise and experience with similar transportation and logistics businesses, we’ll have an expanded toolkit at our disposal to be able to even better deliver for our customers.”
The Dupré family will continue to be stockholders in the company. Terms of the transaction were not disclosed.
Stonepeak is an alternative investment firm specializing in infrastructure and real assets with approximately $72 billion of assets under management. As sponsor of private equity and credit investment vehicles, it provides capital, operational support, and partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate.
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