Double Barrel Capital Achieves Initial Fund Closure and Recapitalization of Envoy Source, LLC

Double Barrel Capital's Strategic Milestone

Recently, Double Barrel Capital (DBC), a private equity firm in Houston specializing in investments in lower middle-market businesses, made headlines by announcing the initial closure of its inaugural fund. Alongside this achievement, DBC has completed a majority recapitalization of Envoy Source, LLC, a prominent third-party logistics (3PL) provider based in Memphis, Tennessee.

The Significance of Envoy Source

Founded in 2020, Envoy Source has quickly established itself as a trusted logistics partner, particularly for sectors that require precision and reliability. With expertise in high-value packaging, fulfillment, and serialized inventory management, Envoy distinguishes itself in a competitive market. Their partnership with one of the world's largest telecommunications providers is a testament to their exceptional service delivery, evidenced by a remarkable 99.98% quality compliance rate. This operational excellence positions Envoy favorably against larger, less agile competitors.

Jimmy Berry, Managing Partner at DBC, remarked on the value Envoy brings, stating, "Envoy exemplifies the type of business we aim to partner with – durable companies offering mission-critical or everyday services with stable cash flow, predictable demand, and strong earning visibility." This statement encapsulates DBC’s focused approach, targeting businesses that demonstrate resilience and a clear road to profitability.

Investment Strategy and Future Growth

Corby Robertson III, Co-Founder of DBC, also emphasized the long-term potential of Envoy, stating, "This investment reflects our strategy of backing high-quality management teams in industries we know well." Envoy's robust infrastructure and impressive track record make it a promising platform for significant growth. The firm’s intention is clear: to propel Envoy into a new phase of expansion, leveraging its existing strengths while exploring additional growth opportunities.

The specifics of the transaction, which was finalized on August 15, 2025, have not been publicly disclosed, yet the strategic implications are profound. With DBC’s backing, Envoy Source is well-positioned to enhance its service offerings and expand its client base within the logistics industry.

About Envoy Source, LLC

Envoy Source operates with a strong focus on providing tailored solutions across various logistics dimensions, including packaging, fulfillment, and serialized inventory tracking. With a proven track record serving prominent clients, the firm emphasizes precision, speed, and transparency in every step of its supply chain processes. By adopting Lean principles and a commitment to continuous improvement, Envoy ensures exceptional quality and responsiveness to its high-value inventory and complex logistics demands.

About Double Barrel Capital

Established in Houston, Double Barrel Capital is a private equity firm dedicated to investing in promising lower middle-market businesses. With financial backing from family offices and affluent individuals, DBC aims to collaborate with enduring enterprises that demonstrate robust cash flow, aligned leadership, and well-defined pathways toward long-term value creation. Through the successful closure of its inaugural fund, DBC is set to identify further investment opportunities, strengthening its influence in the financial landscape.

In summary, the initial fund closure of Double Barrel Capital and the recapitalization of Envoy Source signal a new chapter for both entities. As DBC seeks to innovate within the private equity space, Envoy Source stands ready to scale its operations and enhance its service portfolio, paving the way for future success. For those looking to follow the developments in private equity and logistics, this partnership exemplifies strategic foresight and operational excellence.