Andrie (a portfolio company of Auxo Investment Partners) has been acquired by Rand Logistics (a portfolio company of Duration Capital Partners)
Client – Andrie
A Jones Act bulk transporter of specialty products including liquid asphalt, cement, refined oil products, and calcium chloride throughout the Great Lakes.
Counterparty – Rand Logistics
Leading provider of bulk freight shipping services throughout the Great Lakes region, operating a fleet of 21 vessels through its subsidiaries, American Steamship Company, Grand River Navigation and Lower Lakes Towing.