Aegis Logistics shares rise 3% after firm acquires 90% stake worth $809 million in Tristar Holdings

Aegis Logistics acquired a 90% stake in Tristar Holdings for $809 million, expanding its global energy logistics operations.

The acquisition, subject to regulatory approvals, is expected to close in the fourth quarter of the current fiscal year and broaden Aegis’s geographic reach, service offerings, and profitability.