Lindsay Australia has acquired temperature-controlled logistics provider SRT Logistics, with operations set to commence on 1 July.
The company announced the execution of a Share Purchase Agreement to acquire 100 per cent of SRT Logistics for a purchase price of $108.2 million.
“SRT is a quality business that has created a compelling position in a market with positive growth characteristics,” said Lindsay CEO, Clay McDonald.
“The Acquisition demonstrates disciplined execution of our “Grow the Network” strategy.
“It will be a transformative event for Lindsay Australia and our shareholders through the creation of a truly national service offering for our customers.”
SRT Logistics owns six operating sites, 145 modern trucks and 100 dual electric-diesel rail containers. With an award-winning track record in safety and service as a logistics provider, the acquisition aligns with Lindsay Australia’s strategy to expand its presence and services in regional and rural areas.
SRT Logistics’ services includes:
- Multi-modal transport.
- Trans bass strait shipping.
- Cross docking and distribution.
According to ASX Market Announcements, SRT is forecast to achieve estimated revenue of $137.6 million.
“Integrating within Lindsay’s network represents a logical and highly compelling next step in SRT’s commercial evolution,” said SRT Logistics CEO, Robert Miller.
“This transaction underscores our commitment to delivering superior customer service while enhancing operational efficiencies and expanding our geographic footprint.
“I look forward to leveraging the combined expertise to deliver further value to our customers and employees.”
The acquisition is expected to complete on 30 June 2025.
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