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.

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.