BRIERFIELD, Ala., Jan. 21,
2025 /PRNewswire/ -- Private investment firm Auxo
Investment Partners announced today that it has acquired
Southeast Vegetation Management (SEVM), an Alabama based provider of Vegetation
Management services to US railroads. This addition, which expands
Auxo's growing railroad infrastructure maintenance platform, under
the Genesis Rail Company brand, follows the acquisitions of Genesis
Rail Services, a full-service railroad maintenance company,
Ferrovia Vegetation Management a railroad vegetation management
company, and Cariboo Central Railroad Contracting a Canadian based
railroad infrastructure maintenance and construction service
provider.
Headquartered in Brierfield,
AL, Southeast Vegetation Management, LLC represents an
expansion of Genesis Rail Company's vegetation management division.
SEVM is known for its expertise in delivering safe, efficient, and
environmentally responsible vegetation management solutions. With a
reputation for exceptional service and operational excellence, the
company has become a trusted partner to railroads and industrial
clients across the Southeastern United
States.
SEVM, which closely resembles Ferrovia in its operational focus
and service offerings, is expected to generate significant
synergies such as improved geographic reach, leveraging shared
assets to improve customer experience, and the opportunity to
leverage expertise and resources across the platform. "SEVM is a
natural fit for Auxo and our Genesis Rail platform," said
Jeff Helminski, Partner at Auxo
Investment Partners. "We are extremely excited to bring Southeast
Vegetation Management into the Genesis Rail Company portfolio of
businesses and we believe the acquisition will allow our vegetation
platform to better service our customer's needs across the Eastern
US," said Allen Blythe, President
& CEO of Genesis Rail Company. The combination of Ferrovia and
SEVM creates the largest pure play herbicide rail vegetation
management platform in the United
States.
"We're excited to join Auxo and the Genesis Rail Services
family. This partnership will enable us to expand our reach, access
additional resources, and better serve our clients while
maintaining the high standards they've come to expect from us,"
said Scott Dailey, CEO of Southeast
Vegetation Management. Scott and all his employees will stay on as
part of Ferrovia. Scott will be taking a role as a commercial
leader within the broader Genesis Rail Company platform.
A Long-Term, Collaborative Approach
Auxo was named after the ancient Greek goddess of growth, and
the firm seeks to partner with companies that meet the following
investment criteria:
- North America-based
- Manufacturing, industrial, value-added distribution or business
services industries
- EBITDA (cash flow) of $2-$20 million
- Owner-operators seeking retirement, family succession planning
solutions, or existing teams seeking to grow their businesses
- Prefer majority-control investments but will consider select
minority-partner opportunities
About Auxo Investment Partners
Auxo Investment
Partners is a Grand Rapids,
Michigan-based private investment firm that partners with
owners and management teams of companies at transition points in
their history. Auxo's flexible capital model allows for long-term,
growth-oriented decision-making without artificial deadlines. The
structure was specifically designed for family businesses facing a
generational transition or management teams seeking a partner to
fuel growth and achieve their full potential with a long-term
investment approach. Auxo's unique philosophy aligns the interests
of its companies, their employees, the communities in which they
are located and its investors to achieve optimal outcomes for all.
As our name reflects, we are not merely investors, but partners.
For more information, please visit www.auxopartners.com
Media Contact:
Kara Potter
(616) 980-9810
kpotter@auxopartners.com
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SOURCE Auxo Investment Partners
