Auxo Investment Partners, a Michigan-based private equity firm, has held the final closing of its first investment fund, Auxo Growth Holdings I with USD50 million in committed capital from family offices and institutional investors.
Auxo was founded in late 2016 by three veteran investors and operators: Jeff Helminski, Jack Kolodny and Fred Tedori. Combined with direct co-investment from family offices and modest leverage, the inaugural fund will deploy approximately USD150 million of equity in 10 to 15 companies over the next three years – and has already invested over USD30 million of equity in four acquisitions, including a die-manufacturing platform and a niche maritime transportation platform.
Auxo Growth Holdings I is guided by the firm’s strategy of partnering with owners and management teams of companies at transition points, including owner-operators seeking retirement, entities seeking family succession planning solutions and leadership teams seeking capital for growth. Auxo focuses on North America-based companies in the manufacturing, industrial, value-added distribution and business services industries with EBITDA (cash flow) of USD1.5-USD15 million.
“We’ve established tremendous momentum since we launched – and we’re very proud to have strategically attracted value-added investment partners who share our vision of investing in companies for the long term,” says Jeff Helminski, managing partner of Auxo Investment Partners. “We’ve been able to build strong relationships with substantial and active family offices who created their wealth in the industries we’re looking to invest in, which offers immense benefits both to Auxo and our portfolio companies. Our unique approach has become a true differentiator in the market for attracting capital and in being selected as the successors to family-owned businesses. We believe there is no private equity firm like it anywhere.”
