14-Oct-2026 08:03:55
AEGIS LOGISTICS: SIGNS DEFINITIVE AGREEMENT TO ACQUIRE 89.8% STAKE IN TRISTAR HOLDINGS FOR $809 MILLION
• Aegis Logistics, through its wholly owned step-down subsidiary, signs a definitive agreement to acquire 89.8% stake in Tristar Holdings. • Transaction involves an equity consideration of $809 million, including contingent and interest-related deferred consideration. • Dubai-based Tristar operates an integrated energy logistics business across more than 30 countries. • Tristar provides maritime logistics, road transportation, fuel tank storage, fuel distribution and aviation fuelling services. • Tristar reported FY25 revenue of $1.4 billion, EBITDA of $257 million and net profit of $82 million. • Acquisition marks Aegis Logistics' major international expansion, providing access to global customers, new markets and diversified energy logistics operations. • Management expects operational synergies, improved scale and meaningful contribution to overall profitability. • Transaction is subject to regulatory approvals and customary closing conditions, with completion expected in Q4 FY27.
AEGIS LOGISTICS LIMITED