LBC Tank Terminals Acquisition & Valuation

IndiGrid Infrastructure Trust, formerly India Grid Trust is an infrastructure investment trust established to own inter-state power transmission assets in India. The projects comprise extra high voltage (EHV) overhead power transmission lines, comprising approximately seven 765 kV transmission lines and thirty 400 kV transmission lines. The company has two distinct reportable segments: Power Transmission and Power generation. The power Transmission segment generates the majority of revenue and is engaged in the business of owning and maintaining transmission assets. The power Generation segment includes entities in the business of generating power through renewable sources such as solar etc.

ACEN Corp is a Philippines-based energy provider. The company is mainly involved in the business of Renewables and Thermal energy. It also holds interests in the business of oil and gas exploration and production. The company operates in three segments: The Philippines segment, the International segment, and the Parent and Others segment The Philippines segment, which accounts for the vast majority of its revenue, is into Retail Electricity Supply, Renewables - generation, transmission, distribution, and supply of electricity using renewable sources, Thermal - generation, transmission, distribution, and supply of electricity using the conventional way of energy generation, Project development, Leasing, bulk water supply, and Petroleum and exploration.

Fluxys Belgium SA is the transmission and storage of natural gas as well as terminalling services for liquefied natural gas (LNG) in Belgium. It also provides complementary services related to these main activities. Its operating segment includes transmission, storage, LNG terminalling activities in Belgium and other activities. Transmission activities comprise all operations subject to the Gas Act related to transmission of gas and hydrogen in Belgium. Storage activities comprise all operations subject to the Gas Act related to storage of gas at Loenhout in Belgium. Terminalling activities comprise all activities subject to the Gas Act related to the LNG terminal at Zeebrugge in Belgium. Key revenue is generated from Transmission segment.

Loggi is a Brazilian logistics technology company founded in July 2013 in Sao Paulo by Fabien Mendez and Arthur Debert. It runs a delivery network for e-commerce sellers, small and medium businesses and large retailers, with shipping by postal drop-off, collection and local courier, and a network of collection points in retail stores. The company has raised more than USD 500 million from investors including Monashees, SoftBank, GGV, Microsoft and Sunley House, became a unicorn in 2019 and was valued near USD 2 billion in its 2021 round. In 2026 it reported gross revenue of R$269.5 million in the first quarter, named Rafael Szarf as chief executive and targeted annual revenue of about R$1.5 billion. It sold logistics assets in Sao Paulo and Rio de Janeiro to Mercado Livre in 2026.

Shadowfax Technologies Ltd is engaged in the business of providing platform for logistics services using technology to Business to Business customers. The company provides logistics services to enterprise clients across sectors including e-commerce, quick commerce, food marketplaces, and on-demand mobility. Its offerings include express parcel delivery, reverse logistics, exchange deliveries, scheduled and time-bound deliveries, hyperlocal and on-demand deliveries, mobility-related services, and other logistics solutions. The company derives revenue from the provision of its logistics and delivery services, with the majority generated from its Express forward parcel services.

ESENTIA Energy Development is a Mexican natural gas infrastructure company listed on the Mexican stock exchange. It develops, owns and operates the Wahalajara system, which it describes as the largest privately owned interconnected natural gas network in Mexico, moving gas from the Waha hub in West Texas to industrial centres, power plants and distribution systems across the country. Its subsidiary ESENTIA Gas handles gas supply, balancing and price risk management, with offices in Mexico City and Houston. The company earns transportation fees from shippers under long-term capacity and usage contracts, and it grows by connecting new pipelines to its network. Its customers include the state utility CFE, power generators and industrial users. It is headquartered in Mexico City.

Alexandria Container & Cargo Handling is an Egyptian port-terminal operator established in 1984. It manages container and general-cargo handling activities at the ports of Alexandria and El Dekheila on the Mediterranean. Customers include shipping lines, freight owners, logistics providers and government-linked port stakeholders. Revenue is earned from vessel, container, storage and cargo-handling services tied to terminal throughput. The company has been listed on the Egyptian Exchange since 1995 and operates strategic trade infrastructure rather than a shipping fleet. ADQ acquired a 32% minority position in April 2022; a later 2025 stake purchase by AD Ports Group is a portfolio-company transaction and is intentionally outside this firm-side record. Terminal capacity and storage operations place the company at a key node in Egypt’s import and export system.

Kenya Pipeline Co PLC is engaged in developing, operating and maintaining an efficient, safe, reliable and cost-effective system for the transportation, storage and distribution of refined petroleum products from the port of Mombasa to various inland depots. The Company has expanded its operations through the construction of pipeline infrastructure, storage tanks and loading facilities that support the national and regional petroleum supply chain. The Company currently operates a network comprising approximately 1,342 kilometres of pipeline, which operates a national pipeline network of 1,342 km and current total storage capacity of 1,138,324 m3.

Werner Enterprises Inc is a transportation and logistics company. The company has two reportable segments - Truckload Transportation Services and Werner Logistics. It derives majority of its revenue from full-truckload transportation services and geographically from United States.

STEF is a transport and logistics company domiciled in France. It provides temperature-controlled logistics and transport services for fresh, frozen, and thermosensitive products from their production sites to consumption sites under suitable conditions in terms of food safety, time, and quality. The group's operating segments include France, International, and Others. The majority of its revenue is generated from the France segment, which provides transport, logistics, and packaging activities in France and is grouped under the name STEF France. The International segment represents its activities in Italy, Spain, Portugal, Belgium, the Netherlands, Switzerland, and the United Kingdom and is grouped in the STEF International Division, which also covers European consignments.

Ninja Van is a technology-enabled parcel delivery and logistics company operating in Southeast Asia. It provides last-mile delivery, cross-border shipping, fulfillment, warehousing and related supply-chain services to e-commerce merchants, marketplaces, businesses and consumers. Revenue is generated from delivery, fulfillment and logistics service fees, generally linked to parcel volume and contracted services. The company was founded in Singapore in 2014 by Lai Chang Wen, Shaun Chong and Boxian Tan. It expanded from Singapore into Indonesia, Malaysia, the Philippines, Thailand and Vietnam and built a network combining sorting facilities, drivers and proprietary logistics software. Ninja Van serves both large platforms and smaller merchants and has used successive private rounds to invest in infrastructure, technology and regional growth.

NGL Energy Partners LP is a USA-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil Logistics, owns pipeline injection stations, and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, as well as for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants and sells propane and distillates.

Genesis Energy LP focuses on the midstream segment of the crude oil and natural gas industry. It offers various services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are: Offshore pipeline transportation, Marine transportation, and Onshore transportation and services. Maximum revenue is generated from the Offshore pipeline transportation segment, which includes the transportation and processing of crude oil and natural gas in the Gulf of America. The Marine transportation segment provides waterborne transportation of petroleum products and crude oil throughout North America; and the Onshore transportation and services segment deals with crude oil logistics, sour gas processing, and sells sulfur byproducts.

Transfar Zhilian Co Ltd is engaged in the production and sale of specialty chemicals used in textile printing and dyeing, leather, building materials and water treatment.

Shreeji Shipping Global provides marine logistics, including chartering of barges, tugs and dredgers, cargo handling and port support in Gujarat. Customers are port operators and bulk commodity traders. It is a small coastal logistics operator. Headquartered in Mumbai.

Global Partners LP is a limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.

EasyPost is a San Francisco-headquartered shipping API platform serving e-commerce merchants and logistics providers. Founded in 2012, it integrates carriers including USPS, UPS, FedEx, DHL, and Royal Mail for label generation, tracking, address verification, and rate shopping across domestic and international routes.

Veho is a Chicago-based end-to-end parcel carrier for e-commerce brands like Thrasio and Shopify merchants. It handles 5 million deliveries quarterly using 2,000 drivers and 50 hubs across 30 U.S. cities. Launched in 2020, Veho offers same-day delivery with 99 percent on-time rates via route optimization algorithms.