Announced
Financials
Tags
Acquisition
Pending
Majority
Private Equity
United States
Single Bidder
marine transportation
Friendly
Domestic
Private
Marine Transportation
Synopsis
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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