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New Deal


Announced

Agility-backed Tristar to acquire a 51% stake in HG Storage International for $215m from Madison Pacific..

Financials

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Transaction Value£163m
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Oil Equipment and Services

oil pipeline

logistics services

Acquisition

Pending

Friendly

Private

Majority

Cross Border

Single Bidder

Synopsis

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Agility-backed Tristar, an integrated energy logistics company, agreed to acquire a 51% stake in HG Storage International, a portfolio of high-calibre petroleum products storage and logistics businesses, for $215m, from Madison Pacific, a provider of corporate trustee and debt services. Through this deal, Tristar will acquire a majority holding in a well-diversified portfolio of oil storage, distribution and retail assets owned by HGSI, comprising 8 operating assets across 4 key regions: Europe, the Americas, Middle East and Africa.

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