Andrie (a portfolio company of Auxo Investment Partners) has been acquired by Rand Logistics (a portfolio company of Duration Capital Partners)

Client – Andrie

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

Rand

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.

Deal Highlights

Industry
Industrials & Infrastructure
Client Type
Private Equity
Counterparty Type
PE-Backed Strategic
Headquarters
Muskegon, MI

Deal Team

Managing Director

Benjamin Marks

Director

Mat Marcussen