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New Deal


Announced

Maritime Partners to acquire M/G Transport from Auxo Investment Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Pending

Majority

Private Equity

United States

Single Bidder

marine transportation

Friendly

Domestic

Private

Marine Transportation

Synopsis

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Maritime Partners, a provider of maritime leasing and financing solutions, agreed to acquire M/G Transport, a provider of mission-critical marine transportation services, from Auxo Investment Partners, a private investment firm. Financial terms were not disclosed. "We are thrilled to complete the acquisition of M/G. M/G is a natural complement to our platform given the contractual nature of M/G's business. The M/G fleet further diversifies the vessel capacity solutions we are able to offer the Jones Act community," Bick Brooks, Maritime Partners Co-Founder and CEO.

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