Igneo Infrastructure Partners has signed an agreement to acquire Strait Link, an Australian end-to-end supply chain logistics company, from Allegro Funds. Financial terms were not disclosed.
Strait Link is the largest integrated freight logistics provider across the Bass Strait, linking Tasmania and mainland Australia. With long-term leases over strategic port terminals in Burnie and Melbourne and logistics depots across Tasmania, it has a 45 percent market share of the Bass Strait trade and is integral to the supply chain in the area.
“Strait Link is a quality addition to our portfolio of assets across the region and aligns with our strategy to invest in a diversified portfolio of core-plus mid-market assets,” said Danny Latham, head of Igneo Australia and New Zealand. “As a leader in transport and logistics, Strait Link further diversifies our current regional portfolio of quality energy, waste and digital assets and provides the opportunity for long-term growt
