NEW YORK, May 01, 2023 (GLOBE NEWSWIRE) -- Ridgewood Infrastructure and Savage, through their Transportation Infrastructure Partners joint venture, today announced the acquisition of The Dupuy Group, a provider of near-port logistics infrastructure and services for customers in the food and agriculture sector. Dupuy was founded in 1936 and owns and operates strategically advantaged intermodal infrastructure near the ports of Houston, Texas; Jacksonville, Florida; Charleston, South Carolina; and New Orleans, Louisiana.

Ridgewood Infrastructure, a leading infrastructure investor in the U.S., and Savage, a global provider of supply chain infrastructure and solutions, established Transportation Infrastructure Partners several years ago to jointly acquire and operate essential transportation and logistics infrastructure throughout the United States. Dupuy is the partnership's third acquisition, complementing prior acquisitions of Carolina Marine Terminal (CMT) in Wilmington, North Carolina and Nassau Terminals which operates the Port of Fernandina in Florida.

"Dupuy plays a vital role in the supply chains of some of the largest coffee and tea companies in the United States," said Ryan Stewart, Partner of Ridgewood Infrastructure. "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 realize exciting synergies with CMT and Fernandina."

"Dupuy is a great addition to our joint-venture portfolio and strengthens the Savage network of nearly 50 ports and terminals," said Jason Ray, President of Savage's Infrastructure Sector "We'll continue to focus on enhancing Dupuy's well-deserved reputation for delivering critical supply chain services for current and future customers."

"We're delighted to join the Transportation Infrastructure Partners' family of companies," said Allan Colley, President of The Dupuy Group. "With the benefit of our shared resources and expertise, Dupuy will continue to provide best-in-class service and grow with our customers."

Source, Ridgewood Infrastructure