Double Barrel Capital Announces the Initial Closure of its Inaugural Fund and the Majority Recapitalization of Envoy Source, LLC

HOUSTON and MEMPHIS, Tenn., Sept. 18, 2025 /PRNewswire/ -- Double Barrel Capital ("DBC"), a private equity firm specializing in proprietary investments in lower middle-market businesses, is proud to announce the initial close of its inaugural fund and the majority recapitalization of Envoy Source, LLC ("Envoy").

Envoy, based in Memphis, Tennessee, is a third-party logistics (3PL) provider with deep expertise in high-value packaging, fulfillment, and serialized inventory management. Since its founding in 2020, Envoy has emerged as a trusted logistics partner to one of the world's largest telecommunications providers. With millions of devices shipped and a 99.98% quality standard, Envoy delivers agile, customized solutions that set it apart from larger, less adaptive competitors.

"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," said Jimmy Berry, Managing Partner of DBC. "Their reputation for operational excellence, consistent performance with high-volume, demanding customers, and highly efficient processes make Envoy a compelling platform for long-term growth."

Corby Robertson III, Co-Founder of DBC and Managing Partner, added, "This investment reflects our strategy of backing high-quality management teams in industries we know well. Envoy's scalability, infrastructure, and customer trust position it for significant expansion, and we're excited to support that journey."

Terms of the transaction, which closed August 15, 2025, were not disclosed.

About Envoy Source, LLC

Envoy Source is a Memphis-based third-party logistics provider specializing in custom-tailored solutions across packaging, fulfillment, and serialized inventory tracking. With a proven track record serving blue-chip clients, Envoy delivers precision, speed, and transparency at every stage of the supply chain. Their process-driven approach, rooted in Lean principles and continuous improvement, ensures exceptional quality and responsiveness for high-value inventory and complex logistics needs. For more information, visit https://envoysource.com.

About Double Barrel Capital

Double Barrel Capital is a Houston-based private equity firm specializing in proprietary investments in the lower middle market. Backed by committed capital from family offices and high net worth individuals, DBC seeks to partner with durable businesses that demonstrate strong cash flow, aligned leadership, and well-defined pathways to long-term value creation. For more information, visit https://doublebarrelcapital.com

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SOURCE Double Barrel Capital