Stonepeak has invested in Dupr茅 Logistics, a US transportation company focused on logistics solutions.
The fund manager did not disclose the value of the investment but 91传媒在线 understands that it has acquired a controlling stake in Dupr茅, which operates a fleet of over 700 trucks and 1,000 drivers, and partners with more than 16,000 preferred carriers.
Dupr茅 provides energy distribution services, onsite and private fleet services, and capacity brokerage services throughout the US.
Stonepeak said Chris Sower has been appointed interim CEO of Dupr茅 to succeed Mike Weindel. Sower brings over 25 years of experience in supply-chain logistics and has served in leadership positions at companies similar to Dupr茅.
Graham Brown, managing director at Stonepeak, said: 鈥淥ver the last 40 years, Dupr茅 has established an impressive footprint, becoming an integral part of the supply chain in the Sun Belt. Their continued quality and delivery of mission-critical services has resulted in a loyal customer base and an established position as a regional industry leader.鈥�
Reggie Dupr茅, founder of Dupr茅, said: 鈥淪tonepeak鈥檚 partnership with Dupr茅 represents an exciting new chapter for the company, and I couldn鈥檛 be prouder of the work our team has done to get us to this point. I would like to thank Mike for his contributions along Dupr茅鈥檚 journey to date, and I wish him the best in his future endeavours.
鈥淲hat started as a two-truck operation has now become a sophisticated, multi-segment business. We are now ushering in a new era at Dupr茅 with new leadership, and with change comes opportunity. With Stonepeak鈥檚 extensive supply-chain expertise and experience with similar transportation and logistics businesses, we鈥檒l have an expanded toolkit at our disposal to be able to even better deliver for our customers.鈥�
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