DLA Piper Advises Lindsay Australia on AUD 108.2 Million Acquisition of SRT Logistics.
DLA Piper has advised Lindsay Australia Limited (ASX: LAU) on its AUD108.2 million acquisition of SRT Logistics, a deal that marks a major milestone in Lindsay’s national growth strategy and significantly strengthens its presence in Tasmania’s cold chain logistics sector.
Headquartered in Hobart, SRT Logistics is Tasmania’s leading provider of refrigerated supply chain solutions, with a strong customer base across the horticultural, wholesale, and retail food industries.
The acquisition sees Lindsay Australia gain full ownership of SRT in a move valued at AUD108.2 million, reinforcing Lindsay’s ambition to become Australia’s most diversified refrigerated logistics network.
David Ryan, Partner at DLA Piper, said: “This transaction reflects the depth of our experience in complex M&A across the transport and logistics sector. Acting as a trusted advisor to Lindsay Australia in this strategic acquisition underscores our commitment to delivering practical, forward-looking legal solutions.”
Clay McDonald, CEO of Lindsay Australia, commented: “The combined experience, expertise, and financial strength of our businesses, along with our shared focus on safety and customer service, will create a logistics company that benefits our customers, employees and shareholders. We see this as a truly exciting opportunity to form Australia’s most diversified refrigerated logistics network."
"With the philosophy of stronger together, our combined teams of dedicated staff are well positioned to deliver our existing loyal customer base a vastly enhanced service. The formation of this unrivalled national network strongly positions the combined group to capitalise on future growth opportunities through this unrivalled national network.”
Rob Miller, CEO of SRT Logistics, echoed the enthusiasm for the deal: "Joining Lindsay’s network represents a logical and highly compelling next step in SRT’s commercial evolution. 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. At last Tasmanian producers will benefit from a locally based logistics operator with a fully integrated road, rail and sea network with nationwide reach. We are passionate about the criticality of our role in ensuring Tasmanian products have the logistics reach to feed the nation!”
The DLA Piper team was led by Corporate Partner David Ryan and Senior Associate Michael Orban, with support from Capital Markets Partner Kelly Morrison and Corporate Lawyers Sharon Zhang, Donna Kwon, and Andrew Bell.
Lindsay Australia Limited (ASX: LAU) is a publicly listed provider of integrated transport, logistics, and rural supply services, specializing in temperature-controlled freight for Australia’s agricultural and food sectors. Headquartered in Queensland, the company operates a national cold chain network supported by rural supply branches, servicing growers, producers, and retailers across the country. Listed on the ASX since 2001, Lindsay employs over 1,800 staff and is a key player in Australia’s fresh produce logistics industry.
DLA Piper is a global law firm with a strong reputation for providing legal services across a broad spectrum of industries and sectors. With offices in more than 40 countries, the firm offers comprehensive legal solutions in areas such as corporate law, litigation, intellectual property, real estate, and regulatory matters. DLA Piper serves a diverse range of clients, including multinational corporations, governments, and individuals, delivering innovative and strategic advice. The firm is known for its collaborative approach, providing tailored legal expertise to address complex, cross-border issues while maintaining a commitment to exceptional client service.
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