Auxo Investment Partners acquired marine transportation Andrie.

Private investment firm Auxo Investment Partners invested in Andrie, a Michigan-based Jones Act bulk transporter of specialty products including liquid asphalt, cement, light oil petroleum products, and calcium chloride throughout the Great Lakes. Financial terms were not disclosed. As Auxo looks to build a platform of marine transport companies, “Andrie is a great fit for us,” Managing Partner Jeff Helminski. Andrie meets Auxo’s acquisition criteria for investing in mature industrial companies that hold a “best-in-class position” within their sector, he added.