October 17, 2016 (Grand Rapids, Mich.) — Auxo Investment Partners, a new private equity firm based in Grand Rapids, Michigan, has launched. The firm seeks to invest in North America-based manufacturing, industrial, distribution and business services companies that have an EBITDA of $1.5 million to $15 million. Jeff Helminski, Jack Kolodny and Fred Tedori have founded the firm.

October 16, 2016 (Grand Rapids, Mich.) — Grand Rapids-based Auxo Investment Partners, which officially launches today, plans to capitalize on two major challenges that exist in the private equity world: a lack of transparency between the firms and their investors, and a gap in the options for businesses choosing between family offices and traditional private equity funds.