Rocktree announces agreement to acquire bulk transportation operator Atria
Published by Alfred Hamer,
Editorial Assistant
Dry Bulk,
Rocktree Logistics Group, an infrastructure service provider through a network of offshore terminals, shuttle vessels, barges, and other turnkey solutions, has announced that it has agreed to acquire 100% of a group of companies known as ATRIA Soluciones Logísticas (Atria), a South American port services and river transportation group.
Through this transaction, Rocktree will expand its global footprint across the commodities and agriculture value chain, offering a broader range of services to new and existing customers. Rocktree will acquire Atria from Southern Cross Group, and the financial terms of the transaction were not disclosed.
Daniele Pratolongo, CEO of Rocktree, said, "We are thrilled to welcome Atria to Rocktree. This transaction represents an important step in our history, as we will significantly expand service offerings for our customers. Atria's assets, operations, and long-term customer relationships are unparalleled in our industry, and our combined company will be well-positioned for day-one scalability and long-term growth and value creation as we work together to expand our leadership in logistics solutions across the globe."
In connection with the transaction and other expansion plans, Rocktree has secured private credit financing of up to US$350 million from the Blue Ocean maritime investment platform managed by EnTrust Global, a leading global alternative asset management firm. Pratolongo continued, "Equally important to this acquisition is the firm that has helped to finance it. We would like to extend our thanks to the entire team at EnTrust Global. As we look to continue to expand Rocktree's offerings with Atria under our wing, this financing will help fuel Rocktree's next phase of growth, which may include a combination of organic growth initiatives coupled with other strategic M&A opportunities."
"In Rocktree, we have found an ideal partner for Atria. By embarking on this next phase of our growth journey alongside the established Rocktree team, we will be able to expand and enhance the integral services our customers rely on," said Francisco Mackinlay, CEO of Atria. "Our shared cultural values of reliability, collaboration, and safety will facilitate a seamless integration and allow us to grow together and deliver even more offerings for our partners." The transaction is expected to close in the 1Q25, subject to the satisfaction of customary conditions.
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Read the article online at: https://www.drybulkmagazine.com/rail-barge/11022025/rocktree-announces-agreement-to-acquire-bulk-transportation-operator-atria/
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