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.

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

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