Auxo

Maritime Partners to acquire M/G Transport

Metairie, La., headquartered Maritime Partners, LLC is back on the acquisition trail. Back in December last year, the company became the largest lessor of marine equipment in the United States when it acquired over 1,000 marine vessels operating on bareboat charter from from J. Russell Flowers Inc.Today the company announced that, through its managed funds, it has agreed to acquire another Metairie-based company, M/G Transport Holdings LLC (M/G) from Auxo Investment Partners LLC and its...

https://www.marinelog.com/inland-coastal/inland/maritime-partners-to-acquire-m-g-transport/

Auxo sees potential in integrating rail service offerings post-PSR

As the Class I railroads implement precision scheduled railroading, the focus is on ensuring the network runs smoothly and efficiently. While the railroads still have maintenance crews, some companies are taking advantage of the industry’s openness to outsourcing the everyday maintenance work. 

That’s why Auxo Investment Partners, a Grand Rapids, Michigan-based private equity firm specializing in manufacturing, industrial and transportation investments, has acquired two companies that provide...

https://www.freightwaves.com/news/auxo-sees-potential-in-integrating-rail-service-offerings-post-psr

Rail Roundup: Genesis has new owner; Lineage opens cold storage warehouse

Auxo Investment Partners acquires Genesis Rail Services

Private investment firm Auxo Investment Partners has acquired Genesis Rail Services, a full-service railroad maintenance company based in Bluefield, West Virginia, and Roanoke, Virginia. 

Genesis Rail Services, which was founded in 2009, provides outsourced maintenance of way, mechanical and construction services to Class I, Class II and industrial railroads across the U.S. The company recently patented its flagship service: a tie plate...

https://www.freightwaves.com/news/rail-roundup-genesis-has-new-owner-lineage-opens-cold-storage-warehouse

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