Aegis Logistics in Talks to Acquire UAE’s Tristar for $1.5 Billion.

A landmark deal could reshape the global energy logistics landscape.

Aegis Logistics is reportedly in advanced discussions to acquire UAE-based Tristar, one of West Asia’s largest privately owned liquid logistics companies, at a valuation of around $1.5 billion. The proposed acquisition could become one of the major consolidation deals in the logistics sector. Aegis is reportedly exploring financing with Indian and European lenders, including debt refinancing and additional borrowing, while the remaining consideration could be funded through equity. The companies are currently negotiating under an exclusivity period, although the deal may still fall through. Tristar operates in more than 30 countries across West Asia, Africa, Asia-Pacific, Europe and the Americas, providing transportation and storage services to major energy and industrial companies. The acquisition would complement Aegis Logistics’ ongoing expansion and large capital-spending plans. Aegis has outlined significant investments through 2030 to expand its LPG, liquid storage and energy logistics infrastructure. If completed, the transaction could significantly strengthen Aegis’ global footprint and position in the energy logistics market.