Houlihan Lokey Advises Ridgewood Infrastructure

Houlihan Lokey is pleased to announce that Transportation Infrastructure Partners (TIP), a joint venture between Ridgewood Infrastructure and Savage Services (Savage), has acquired The Dupuy Group (Dupuy), a provider of near-port logistics infrastructure and services for customers in the food and agriculture sector. The transaction closed on April 28, 2023.

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. Dupuy plays a vital role in the supply chains of some of the largest coffee and tea companies in the U.S. with significant opportunities to expand and enhance operations, as well as the potential to realize synergies with other ports owned by the buyer.

Dupuy serves as an addition to TIP’s joint venture portfolio and strengthens the Savage network of nearly 50 ports and terminals, with continued focus on enhancing Dupuy’s reputation for delivering critical supply chain services for current and future customers.

Ridgewood Infrastructure is a leading investor in essential infrastructure in the U.S. lower middle market. It is part of the affiliated Ridgewood Companies, a leading real asset investment manager with approximately $5 billion in total capital and commitments.

Established in 1946, Savage is a privately held, global provider of supply chain infrastructure and solutions, with more than 4,000 employees in over 200 locations. Industry expertise and employee discipline enable Savage to deliver safe, reliable, and efficient services. From designing, building, and operating facilities to assisting customers in their plant retirement or transition plans, the team strives to provide the best overall value and safety in supply chain services.

Houlihan Lokey served as the exclusive financial advisor to Ridgewood Infrastructure. This deal exemplifies the continued momentum of the firm’s Transportation & Logistics practice and long-standing track record of delivering exceptional outcomes for its clients.