Auxo Investment Partners Acquires Majority Stake in Andrie LLC

February 21, 2019

Auxo Investment Partners has acquired a majority stake in Muskegon-based Andrie LLC, a Jones Act bulk transporter operating tugs and barges across the Great Lakes. The investment makes Andrie part of Auxo's newly created Auxo Marine platform alongside M/G Transport Services; financial terms were not disclosed and the Andrie family retains a significant minority stake while Stan Andrie Jr. remains CEO.

Targets
Andrie LLC
Sellers
Andrie family
Platforms
Auxo Marine
Industry
Transportation
Location
Michigan, United States
Transaction Type
Addon

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