Aegis Logistics to buy 89.8% stake in Tristar

Aegis Logistics, through its step-down 100% subsidiary -- Aegis Logistics International, has entered into a definitive agreement under which the company proposes to acquire 89.8% of Tristar Holdings (Tristar) from Agility Tristar, Gulf Investment Corporation and Diamond Holdings for an equity consideration of $809 million (including contingent and interest for deferred consideration). The acquisition is expected to be completed in Q4 FY27. The proposed acquisition is subject receipt of regulatory approvals under the applicable competition and anti-trust laws and satisfaction of customary closing conditions. Impact : Strategic growth accelerates immediately with this acquisition. Adding Tristar's CY2025 financial base—$1.4 billion in revenue and $257 million in EBITDA—more than doubles Aegis’s consolidated top-line instantly. Aegis transforms instantly from a primarily domestic Indian port and gas terminal operator into a global energy logistics giant spanning over 30 countries across West Asia, Africa, the Americas, and Asia-Pacific.

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