Auxo invests in Andrie
Summary
“This company has been a big part of my family since its earliest days, so deciding to bring in a new partner wasn’t a decision we took lightly,” said Stan Andrie Jr., who will remain as the company’s CEO. “But I was struck by Auxo Investment Partners’ leadership, Midwest roots and strong ties to the marine industry as a result of its ownership of M/G Transport Services. “With a history spanning three decades of delivering safe, reliable and cost-effective transportation services to its customers, Andrie brings robust coastwise capabilities to Auxo Marine. Andrie is the dominant player in a strong and growing market, much like M/G is in the dry-bulk space, and although the companies will operate separately, they’ll have a close and coordinated relationship, sharing best practices and potentially leveraging capabilities. “Delivering world-class performance transporting specialty products in the Great Lakes isn’t easy, but Andrie has done it with much success for three decades on behalf of demanding global enterprise customers,” said Auxo Managing Partner Jack Kolodny.