Aegis Logistics shares rise 3% after firm acquires 90% stake worth $809 million in Tristar Holdings
Aegis Logistics agreed to acquire an 89.9% stake in Tristar Holdings for $809 million, expanding its global energy logistics operations. The acquisition, subject to regulatory approvals, is expected to close in the fourth quarter of the current fiscal year and broaden Aegis’s geographic reach, service offerings and profitability.
On Wednesday, Aegis Logistics shares experienced a nearly 3% increase to Rs 1,430 on the BSE after the company announced its intention to acquire an 89.9% stake in Tristar Holdings for an equity value of $809 million through its step-down subsidiary. The acquisition, which is subject to regulatory approvals, is expected to be finalized in the fourth quarter of the current fiscal year.
Established in 1998, Tristar is a global integrated liquid logistics solutions provider operating in over 30 countries and reported $1.4 billion in consolidated revenue, $257 million in EBITDA, and $82 million in net profit for the financial year ending on December 31, 2025. Aegis Logistics Chairman and Managing Director Raj Chandaria stated that the acquisition would transition the company from a domestically focused operator to an international energy logistics platform with broader service offerings and global presence.
The deal is expected to contribute to Aegis' profitability immediately while providing long-term strategic benefits, including scale, business diversification, and access to a network of blue-chip customers and industry partners. Tristar Group CEO Eugene Mayne emphasized the complementary strengths and shared vision for the future, aiming to expand the company's reach and position in the energy logistics sector while maintaining a commitment to safety, operational excellence, and delivering long-term value to customers.
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