Private investment firm Auxo Investment Partners, Muskegon, Mich., announced today that it is acquiring Andrie LLC, a Michigan-based Jones Act bulk transporter of specialty products.
A local private investment firm has acquired a marine transporter of bulk specialty products in the region. Grand Rapids-based Auxo Investment Partners is "partnering" with Muskegon-based Andrie, according to Auxo today. This marks Auxo’s sixth acquisition in 16 months, and it joins Auxo’s marine portfolio, along with New Orleans-based M/G Transport Services, a dry-bulk transportation and logistics company.
When Business Journal reporters and editors met to discuss nominees for the 2018 Newsmaker of the Year honors, nearly 200 choices were considered before settling on the top three nominees...In short, we are honoring the people who generated the most important news stories during 2018.
Finance
- Jeff Helminski and Jack Kolodny, Auxo Investment Partners
- Kelly Potes, ChoiceOne Bank
- Tom Welch, Fifth Third Bank
Private investment firm Auxo Investment Partners announced today that it is partnering with the Andrie family with an investment in Andrie LLC, a Michigan-based Jones Act bulk transporter of specialty products including liquid asphalt, cement, light oil petroleum products, and calcium chloride throughout the Great Lakes. The deal, terms of which were not disclosed, marks Auxo’s sixth acquisition in 16 months, and builds on the firm’s December 2017 acquisition of M/G Transport Services, a leading dry-bulk transportation and logistics company based in New Orleans.
M&A professionals expect the dealmaking market to remain healthy in 2019. That’s one of the conclusions from a panel of executives MiBiz assembled to talk about West Michigan’s mergers and acquisitions sector.
How has the M&A landscape held up in 2018 and what do you see going on in 2019?
Helminski: It's been really, really busy for us. We’re on track to see about 600 qualified deals (in 2018), if the last couple of weeks hold up about right...
A local private investment firm has acquired a Michigan maker of metal stampings for the fastener market. Grand Rapids-based Auxo Investment Partners said this week it acquired Warren-based Prestige Stamping.“We were immediately impressed with Prestige and by the tenacity with which the company pursues process improvement, quality and growth,” said Jack Kolodny, managing partner, Auxo Investment Partners. “It’s clear the company’s values are closely aligned with ours, and its success has been driven by the Rink family’s relentless pursuit of excellence and customer service.”