Aegis Logistics to buy 90% of Tristar Holdings
In short
Aegis Logistics is set to buy 90% of Tristar Holdings for $809 million. Tristar provides liquid logistics services such as shipping, road transport, fuel storage, fuel distribution and aviation fuelling, and works in more than 30 countries.
The deal could expand Aegis’s reach in logistics, but the available reporting does not say when it will close or whether any conditions remain.
What the reporting says
Aegis Logistics is set to acquire a 90% stake in Tristar Holdings for $809 million, according to the headline. The publisher summary says Tristar is an integrated liquid logistics provider with services including maritime logistics, road transport, fuel tank storage, fuel distribution and aviation fuelling. The available reporting does not state the timing, deal completion status, or financing details.
Why it matters
Aegis Logistics is reported to be acquiring a 90% stake in Tristar Holdings for $809 million. Tristar is described in the publisher summary as an integrated liquid logistics provider with operations in more than 30 countries and services spanning maritime logistics, road transport, storage, fuel distribution and aviation fuelling. The reporting does not say whether the transaction has closed or what approvals remain.