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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