Maritime Partners Acquires M/G Transport from Auxo Investment Partners

Auxo Investment Partners Acquires Majority Stake in Andrie LLC

February 21, 2019

Transportation

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.

Maritime Partners (via Project Merchant Acquisition) Acquires American Tanker Holding Company from AMSC ASA

August 22, 2023

Transportation

Funds managed by Maritime Partners, LLC (through newly-formed Project Merchant Acquisition LLC) agreed to buy American Tanker Holding Company, Inc. (ATHC), AMSC ASA's Jones Act tanker business, for aggregate gross cash proceeds to AMSC of US$249.3 million (enterprise value reported at US$746.7 million). ATHC owns nine handysize product tankers and one handysize shuttle tanker on long-term bareboat charters to Overseas Shipholding Group and Keystone Shipping; the deal is intended to complement Maritime Partners' existing vessel-lease portfolio and diversify lessee and asset exposure in the protected Jones Act market.

Maritime Partners-Managed Fund Acquires U.S. Marine Management from Maersk

September 26, 2023

Transportation

A fund managed by Maritime Partners, LLC acquired Norfolk, Virginia-based U.S. Marine Management LLC (USMMI) from Maersk Line, Limited on September 20, 2023. The deal adds USMMI’s fleet and long-term government contracts (including Military Sealift Command work and a Tanker Security Program award) to the acquiring fund’s portfolio to expand capabilities and diversify assets and counterparties.

Hapag-Lloyd Acquires Stake in J M Baxi Ports & Logistics from Bain Capital Private Equity Affiliate

January 25, 2023

Logistics & Distribution

German shipping company Hapag-Lloyd has acquired the stake in Indian maritime logistics provider J M Baxi Ports & Logistics from a Bain Capital Private Equity affiliate. The sale, whose financial terms were not disclosed, transfers ownership following Bain's two-year investment that expanded J M Baxi's port capacity and logistics footprint across India. The transaction is subject to regulatory approvals.

TJC, L.P. Acquires Global Transport Solutions (GTS)

November 27, 2023

Logistics & Distribution

TJC, L.P. (The Jordan Company) has entered into a definitive agreement to acquire Global Transport Solutions Topholding B.V. (GTS), an international maritime-focused logistics and forwarding provider operating under the Marinetrans and Best Global Logistics brands. The investment will provide GTS with resources to support geographic expansion, strengthen its network and capabilities, and accelerate growth across time-critical maritime supply chain markets.

Maritime Partners Acquires e1 Marine LLC

July 1, 2024

Energy

Maritime Partners, LLC has acquired e1 Marine LLC, a developer of methanol-to-hydrogen generation technology for marine fuel-cell applications. The purchase lets Maritime Partners integrate e1 Marine's onboard hydrogen generation capability into its vessel solutions (including the M/V Hydrogen One project) to accelerate decarbonization and cleaner propulsion in the maritime sector.