News

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.

December 6, 2017 (Grand Rapids, Mich.) — West Michigan private equity firm Auxo Investment Partners has moved into the transport business with the acquisition of a New Orleans-based barge company. In the 50-year-old M/G Transport, the Grand Rapids-based Auxo adds to its portfolio a 50-year-old company that dominates its market and generates strong cash flow to reinvest into the business.

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.