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.
- Jeff Helminski and Jack Kolodny, Auxo Investment Partners
- Kelly Potes, ChoiceOne Bank
- Tom Welch, Fifth Third Bank
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.”
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...
Private investment firm Auxo Investment Partners announced that it has partnered with the Rink family with its investment in Prestige Stamping, Inc., a Michigan-based high-speed niche manufacturer of custom engineered stampings for the fastener industry. The deal, terms of which were not disclosed, marks Auxo’s fifth acquisition in 13 months and follows the September closing of the firm’s inaugural investment fund, Auxo Growth Holdings I LLC.
Auxo Investment Partners made an investment in Prestige Stamping Inc, a Michigan-based maker of stampings for the fastener industry. Financial terms weren’t disclosed.