Announced
Financials
Tags
United Kingdom
Oil Equipment and Services
oil pipeline
logistics services
Acquisition
Pending
Friendly
Private
Majority
Cross Border
Single Bidder
Synopsis
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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