Maritime Partners Agrees to Acquire Marine Transportation Services Firm MG Transport.

MANews-(C)2009-2022

US-based maritime leasing and financing solutions firm Maritime Partners, LLC, through its managed funds, has agreed to acquire US-based marine transportation services provider M/G Transport Holdings LLC, from Auxo Investment Partners LLC and its affiliates, the firm said.

Terms of the transaction were not disclosed, and completion of the acquisition is expected in 3Q22 subject to customary closing conditions, including receipt of regulatory approvals.

Founded in 1968, M/G is a provider of marine transportation services along the West Canal and Lower Mississippi River.

Through its young fleet of approximately 300 dry cargo barges, the company specializes in the movement of petroleum coke...

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