Aegis Logistics Agrees to Buy 89.9% of Tristar for $809 Million
The proposed deal would give Aegis a broader international energy logistics footprint, subject to regulatory approvals and expected to close in fiscal Q4.
Key takeaways
- Aegis Logistics agreed to acquire an 89.9% stake in Tristar for $809 million.
- The deal is subject to regulatory approvals and is expected to close in the fiscal fourth quarter.
- Tristar reported $1.4 billion in revenue for the year ended December 31, 2025.
Aegis Logistics agreed to acquire an 89.9% stake in Tristar Holdings for $809 million in equity consideration. The purchase will be made through Aegis Logistics International Pte, a wholly owned step-down subsidiary.
The agreement is subject to regulatory approvals, with completion expected in the fourth quarter of the current fiscal year. At 03:39 UTC Wednesday, Aegis shares traded at INR 1,392, down 4% from the previous close.
Tristar reported revenue of $1.4 billion, EBITDA of $257 million and net profit of $82 million for the year ended December 31, 2025, according to Aegis’s exchange filing.
Aegis Chairman and Managing Director Raj Chandaria said the acquisition is expected to contribute to profitability immediately. He said it would also expand the company’s international presence and service offerings.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
