"Agility" sells its stake in "TriStar" as part of a $1.5 billion deal

Agility Global has agreed to sell its entire 65.12% stake in TriStar, a logistics services company specializing in the energy sector, to the Indian firm Aegis Logistics, in a deal valuing TriStar at approximately $1.5 billion.

In a disclosure to the Abu Dhabi Securities Exchange, the company stated that its share of the transaction value amounts to $581 million, of which $425 million will be paid upon completion of the sale, $110 million after one year, and up to $46 million contingent on achieving specific targets.

Agility’s initial investment in TriStar dates back to 2003, when it acquired the company for approximately $7 million, before injecting additional investments totaling $123 million in the following years.

The deal is expected to be completed by the end of March 2027, following the receipt of regulatory approvals and fulfillment of closing conditions.