Aegis Logistics is set to expand its international presence through a proposed acquisition of a majority stake in Dubai-based energy logistics company Tristar, in a deal valued at approximately $809 million.
The transaction is expected to strengthen Aegis Logistics’ position in the global energy supply chain and broaden its presence in international markets. Tristar operates in energy logistics, including the transportation, storage and distribution of petroleum products and other energy-related services.
The acquisition would provide Aegis Logistics with greater access to Tristar’s established operations and international network, supporting its efforts to expand beyond its existing business in India. The deal also highlights the growing importance of integrated logistics services in the global energy sector.
For Tristar, the proposed transaction could provide opportunities to leverage Aegis Logistics’ experience in gas, liquid logistics and terminal operations to support future growth.
The acquisition marks a significant potential development in the energy logistics industry, as companies seek to strengthen their global networks, improve operational reach and meet the evolving requirements of energy markets.
Further details on the transaction structure, completion timeline and regulatory approvals will depend on the terms of the proposed deal.