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December 07, 2017 (New Orleans, LA) — Private equity firm Auxo Investment Partners (www.auxopartners.com) announced today that it has acquired M/G Transport Services (MG), a leading dry barge transportation and logistics company. Terms of the transaction were not disclosed.

December 07, 2017 (Grand Rapids, MI) — Private equity firm Auxo Investment Partners announced it has acquired M/G Transport Services (MG), a dry barge transportation and logistics company based in New Orleans. "We're excited to work with MG's impressive veteran management team, which has made the company a leader in the inland barge transportation industry," said Auxo Managing Partner Jeff Helminski.

In a competitive M&A environment, it is not enough for private equity firms to win deals just on capital alone. Potential buyers are increasingly seeking operating partners to work with the companies they acquire. Auxo Investment Partners, a lower middle market private equity firm out of Grand Rapids, Michigan, is one case in point. In 2017, Auxo acquired dry barge shipper M/G Transport Services and bought on industry veteran John Binion to serve as the target's operating partner. "Someone like John has enormous direct industry experience that none of us have," says Auxo co-founder Jeff Helminski.

December 07, 2017 (Grand Rapids, MI) — US private equity firm Auxo Investment Partners has bought dry barge transportation and logistics company M/G Transport Services. Auxo managing partner Fred Tedori said, “MG’s unique business model offers limited exposure to macroeconomic cycles with long-term contracts and stable products and customers, which makes it a perfect fit with our long-term investment strategy.

December 06, 2017 (Grand Rapids, Mich.) — Private equity firm Auxo Investment Partners announced today that it has acquired M/G Transport Services (MG), a leading dry barge transportation and logistics company. 'As we celebrate our company’s 50th anniversary, we’re pleased to begin this partnership with Auxo,' said Jack Lordo, who will continue as MG’s chief executive officer.