M&A M&A
Aegis Logistics to acquire 90% stake in Dubai-based Tristar Holdings for $809-M
Source Economic Times (opens in a new tab)BSE Announcement (opens in a new tab)
Publicly listed, Mumbai-based Aegis Logistics is to acquire an 89.8% stake in Dubai-based Tristar Holdings for USD 809 million (in equity value). The transaction is being conducted through Aegis Logistics International Pte Ltd, a Singapore-based, wholly owned subsidiary of Aegis Logistics. The sellers in this transaction are Agility Tristar Holdings Ltd, Gulf Investment Corporation, and Diamond Holdings Ltd.Established in 1998, Tristar provides maritime logistics, road transport, fuel tank storage, fuel distribution, and aviation fuelling services, operating in more than 30 countries. For the year ended December 2025, the company reported revenue of USD 1.401 Billion, an EBITDA of USD 257 million, and a net profit of USD 82 million.