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.
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. <br><br> <i>How has the M&A landscape held up in 2018 and what do you see going on in 2019?</i> <br><br> 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...
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. <br><br> <i>Finance</i> <ul> <li> Jeff Helminski and Jack Kolodny, Auxo Investment Partners <li> Kelly Potes, ChoiceOne Bank <li> Tom Welch, Fifth Third Bank </ul>
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.â€
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.
Auxo Investment Partners, a Grand Rapids-based private-equity firm, announced Monday morning that it has bought a controlling interest in Warren-based Prestige Stamping Inc., a manufacturer of custom-engineered stampings for the fastener industry. Terms were not announced. The acquisition is the fifth for Auxo since its founding in October 2016 and the first since the September closing of the firm's first investment fund, Auxo Growth Holdings I LLC.
Private equity firm Auxo Investment Partners has completed its fifth acquisition in 13 months with a deal for a Warren-based stamping manufacturer. The deal for Prestige Stamping Inc. marks Auxo's first foray into custom engineered stampings for the fastener industry.
The "secret sauce" that separates Auxo Investment Partners from other private equity firms comes down to hard work. That’s according to Jeff Helminski, a managing partner at the Grand Rapids-based Auxo, which has completed four deals in the last 12 months, with more on the way. In the dealmaking process, Auxo seeks to hold itself to "the highest standard in the industry" by deploying a strategy that reflects the values of the partners, whose aim is to help companies unlock their growth potential.