Asian Bulk Logistics (ABL), an integrated logistics and infrastructure solutions provider founded in Jakarta, is acquiring Engage Marine, Australia’s second-largest marine towage operator and a critical provider of marine services across the nation’s ports.
Engage Marine operates across key Australian ports and supports the movement of major commodity exports and freight volumes through long-term contracted marine services. The business has established a significant presence in Australia’s towage sector, providing essential services that underpin the safe and efficient movement of trade through Australian ports.
QIC Private Debt has provided a $110 million senior-secured financing package to support ABL’s acquisition of a majority interest in Engage Marine, which will be used to refinance existing facilities and support the company’s next phase of growth.
Phil Miall, head of private debt Australia at QIC, said the transaction reflected both the quality
