Savage Enterprises and Ridgewood Infrastructure’s US transportation and logistics infrastructure investment venture has added The Dupuy Group to its portfolio.
The pair’s joint venture, known as Transportation Infrastructure Partners, has invested an undisclosed sum to buy Dupuy, a provider of near-port logistics infrastructure and services for customers in the food and agriculture sector.
Dupuy, founded in 1936, owns and operates intermodal infrastructure near the ports of Houston, Texas, Jacksonville, Florida, Charleston, South Carolina, and New Orleans, Louisiana.
Dupuy is the third acquisition of Transportation Infrastructure Partners. The joint venture, formed in March 2020, acquired Carolina Marine Terminal (CMT), a multi-modal marine dry goods bulk port facility in Wilmington, North Carolina in the same year.
In July last year, it acquired Worldwide Terminals Fernandina, the manager for the Port of Fernandina in Florida.
Ryan Stewart, partner of Ridgewood Infrastructure, said: “Dupuy plays a vital role in the supply chains of some of the largest coffee and tea companies in the US.
“We see significant opportunities to expand and enhance Dupuy’s operations as we provide best-in-class supply-chain solutions to leading industry companies. We’re also excited about the potential to realise exciting synergies with CMT and Fernandina.”
Jason Ray, president of infrastructure at Savage Enterprises, said: “Dupuy is a great addition to our joint-venture portfolio and strengthens the Savage network of nearly 50 ports and terminals.
“We’ll continue to focus on enhancing Dupuy’s well-deserved reputation for delivering critical supply chain services for current and future customers.”
To read the latest edition of the latest IPE Real Assets magazine click here.
