M&A Deal Summary

Maritime Partners Acquires M/G Transport Services

On August 10, 2022, Maritime Partners acquired transportation company M/G Transport Services from Auxo Investment Partners

Acquisition Highlights
  • This is Maritime Partners’ 1st transaction in the Transportation sector.
  • This is Maritime Partners’ 1st transaction in the United States.
  • This is Maritime Partners’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2022-08-10
Target M/G Transport Services
Sector Transportation
Buyer(s) Maritime Partners
Sellers(s) Auxo Investment Partners
Deal Type Add-on Acquisition
Advisor(s) RBC Capital Markets (Financial)
Barnes & Thornburg
Winston & Strawn (Legal)

Target

M/G Transport Services

Matairie, Louisiana, United States
M/G Transport Services is a dry barge transportation and logistics company that specializes in inland barge transportation, carrying more than 5 million tons of non-hazardous dry bulk cargo each year. M/G Transport Services was founded in 1967 and is based in Matairie, Louisiana.

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Buyer(S) 1

Buyer

Maritime Partners

Metairie, Louisiana, United States
Category Company
Sector Business Services
DESCRIPTION

Maritime Partners is a provider of maritime assets, vessel leasing solutions & construction financing. Maritime Partners is based in Metairie, Louisiana.

DEAL STATS #
Overall 1 of 3
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Louisiana) 1 of 1
Country (United States) 1 of 3
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-26 U.S. Marine Management

Norfolk, Virginia, United States

U.S. Marine Management (USMMI) is engaged in chartering U.S. flag tanker and military support vessels to the Military Sealift Command, a division of the U.S. Navy, and the operation and maintenance ("O&M") of U.S. government-owned vessels. It currently operates a fleet of five U.S.-flagged vessels (including one owned maritime support vessel, three owned tankers, and one bareboat chartered tanker) and one O&M contract supporting U.S. Army training watercraft in Japan. U.S. Marine Management is based in Norfolk, Virginia.

Buy -

Seller(S) 1

SELLER

Auxo Investment Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

Auxo Investment Partners is an operationally-focused private investment firm that targets acquisitions of North American manufacturing, distribution, and business services companies. Auxo prefers profitable businesses ($2 to $20 million of EBITDA) and has a special interest in owner-operators seeking retirement or facing succession issues. Auxo Investment Partners was formed in 2016 and is headquartered in Grand Rapids, Michigan.

DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Louisiana) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-11 GSA

Fremont, California, United States

GSA is a vertically integrated, complete lifecycle wire/cable assembly and harness manufacturer. GSA primarily designs and assembles wire harnesses and cable assemblies for a variety of customers in the automotive, aerospace, industrial equipment, medical device, electronics, specialty vehicle, and energy industries that range from Fortune 50 companies to small and medium-sized organizations. GSA also provides value-add manufacturing services such as kitting, electromechanical assemblies, and outsourced quality control processes, and has in-house machine shop and PCB assembly capabilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Avon Machining

Shelby Township, Michigan, United States

Avon Machining is a designer and producer of large, complex, precision parts for heavy equipment industries in North America and beyond. Avon collaboratively engineers and provides the part solution that maximizes long term reliability, durability and overall cost-effectiveness as a Tier 1 supplier to OEMs. Avon Machining was founded in 1974 and is based in Shelby Township, Michigan.

Buy -
Mergr

Product

Company

Legal