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Maritime Partners To Acquire M/G Transport
| 题名： | Maritime Partners To Acquire M/G Transport |
| 正文语种： | eng |
| 摘要： | Maritime Partners LLC announced August 10 that it has agreed to acquire M/G Transport Holdings LLC from Auxo Investment Partners LLC and its affiliates. Founded in 1968, M/G provides marine transportation services along the West Canal and Lower Mississippi River. It was acquired by Auxo of Grand Rapids, Mich., in 2017 (WJ, December 11, 2017). Through its young fleet of approximately 300 dry cargo barges, M/G specializes in the movement of petroleum coke, sugar and minerals. The company will continue to operate under the M/G brand and as a standalone entity, and the members of the management team will continue in their current roles, the announcement said. "We congratulate Maritime Partners on the successful completion of this acquisition," said Greg Binion, executive chairman of M/G. "I am excited by the additional resources that Maritime Partners brings to M/G and the ability to elevate the already high level of service and great value M/G delivers to its customers." "We are thrilled to complete the acquisition of M/G," said Bick Brooks, co-founder and CEO of Maritime Partners. "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." |
| 出版年： | 2022 |
| 期刊名称： | The Waterways Jouranl |
| 卷： | 136 |
| 期： | 20 |
| 页码： | 3-3 |
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