Dupuy Expands with Eland Logistics Acquisition
Deal News | Dec 05, 2024 | Globenewswire
Dupuy, a prominent U.S.-based logistics provider, has successfully acquired Eland Logistics, a reputable family-owned company based in the Greater Toronto Area. The acquisition officially concluded on December 2, 2024, and significantly expands Dupuy's capabilities in the Canadian market, particularly the coffee sector. Eland Logistics, known for its high-quality, customer-centered approach, offers warehousing, logistics for commodities like coffee, tea, and metals, as well as Canada-U.S. customs brokerage services. Dupuy, with its stronghold in U.S. Gulf and East coast ports, anticipates that integrating Eland’s operations will provide enhanced distribution options and open new opportunities for their combined customer bases. This acquisition aligns with Dupuy's strategic resource expansion in North America and reflects their ongoing commitment to enhance their supply chain solutions by uniting Dupuy’s extensive network with Eland’s specialized expertise. Eland's CEO, Doug Eland, expressed excitement about the merger, emphasizing shared cultural values and potential for amplified customer services.
Sectors
- Logistics and Supply Chain
- Food and Beverage
- International Trade and Customs
Geography
- Canada – The acquisition involves Eland Logistics, a company located in the Greater Toronto Area.
- United States – Dupuy is a U.S.-based company with operations across the Gulf and East coasts, now expanding its reach into Canada.
Industry
- Logistics and Supply Chain – The acquisition involves logistics and warehousing companies, focusing on optimizing transportation and distribution services across North America.
- Food and Beverage – Eland Logistics specializes in the foodservice industry, particularly in storing and handling commodities like coffee and tea.
- International Trade and Customs – The transaction emphasizes Canada-U.S. customs brokerage services as part of its logistics solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Dupuy Group | Acquirer | Company | A leading U.S.-based logistics provider expanding into the Canadian market. |
| Eland Logistics | Target Company | Company | A family-owned logistics and warehousing company in the Greater Toronto Area. |
| Hans Luetkemeier | President of Dupuy | Person | Executive leading Dupuy's strategic expansion efforts. |
| Doug Eland | CEO of Eland Logistics | Person | Founder and CEO of the acquired company. |