G2 Capital Advisors Served As The Exclusive Buy-Side Advisor To Dupré Logistics LLC In Its Acquisition Of MRB Enterprise, Inc, D/B/A TTS Logistics, A Specialty Produce Freight Brokerage Transportation Provider
Dupré Logistics LLC (“Dupré” or the “Company”) is leading provider of transportation and logistics services in markets such as energy, chemical and other specialty segments. The Company offers key services that include energy distribution services, dedicated truck transportation, site logistics and freight brokerage. Dupré, headquartered in Lafayette, Louisiana, operates approximately 750 trucks, employs more than 1,000 professional drivers and has an established network of 10,000 preferred carriers for its asset-light operation.
Dupré established aggressive growth objectives which included doubling the size of the asset-light business. In order to accomplish these goals, the Company developed an acquisition strategy to identify talent and expertise in specialty markets that enhance its asset-light operation. Four specific criteria were used to evaluate acquisition opportunities: (a) ability to improve performance in the target; (b) acquire skills or technologies more quickly than building the capability internally; (c) exploit industry specific scalability; and (d) assist owners earlier in their cycle to develop their business.
G2 Capital Advisors, LLC (“G2”) was engaged by Dupré as the exclusive buy-side advisor to identify, source and engage with targets that provide specialty freight brokerage services and fit with the Company’s asset light acquisition profile.
The transaction was successfully executed on October 30, 2020 through an acquisition of MRB Enterprise Inc., d/b/a TTS Logistics (“TTS”) by Dupré. The acquisition provided additional scale to Dupré’s temperature-controlled freight brokerage operation and was the Company’s entry into the produce market, a segment that was identified as a core strategic growth area.
“Over the last year, I have gotten to know the G2 team. They have helped to guide our team through our first acquisition under the existing management team. They were extremely knowledgeable and hardworking, providing introductions to interesting acquisition candidates. During the transaction execution process, G2 made sure both parties were focused on critical issues to achieve a successful close of the transaction. We are thrilled to work with our new partner in TTS and believe that our shared vision will result in continued growth and exceptional customer service for our valued customers,” said Mike Weindel, President of Dupré Logistics.
The team at TTS is a perfect cultural fit with Dupré Logistics family. Both companies have similar values and approaches to providing transportation services. Furthermore, TTS will benefit from the additional investment that Dupré will complete to accelerate growth while TTS unlocks a core strategic capability in a high growth market.
“Dupré should benefit from the significant tailwinds surrounding temperature-controlled freight brokerage as consumers buy more perishable food items, international trade grows, and modern retail outlets expand, all contributing to rapid growth in the sector. TTS was exactly what Dupré identified as a perfect acquisition candidate with unique capabilities”, said Christopher Casteleyn, G2’s Director in Transportation & Logistics. “It was an honor and privilege to work with Dupré’s management team and we have no doubt this will be a highly accretive acquisition.”
About Dupré Logistics
Dupré Logistics is a privately held, asset-based provider of transportation and logistics services that include energy and chemical transport, dedicated truck transportation, site logistics, and freight brokerage. We specialize in tanker, hazmat, and petrochemical transportation and complex supply chain solutions in industrial and consumer products.
About G2 Capital Advisors
G2 Capital Advisors provides M&A, capital markets and restructuring advisory services to the middle market. We offer integrated, multi-product and sector-focused services by pairing highly experienced C-level executives with specialist investment bankers. We aspire to be the trusted advisor of choice to our clients including corporations and institutional investors.
CONTACTS ON THIS DEAL:
Chris Casteleyn: Director, T&L : T: 415.531.3138 E: [email protected]
Andrew Keleher: Vice President, T: 860.748.6480 E: [email protected]
Matt Ball: Associate: T: 978.914.4421 E: [email protected]
Ben Crawford: Research Analyst : T: 713.591.7301 E: [email protected]