Private Equity Firms Circle ASX-Listed Logistics Group in $2.1 Billion Approach

Markets Correspondent

Writer • 28 August 2026 • 1 min read

Two rival buyout consortiums are understood to be preparing bids for the warehousing and freight operator.

An ASX-listed logistics and warehousing group has confirmed it has received approaches from at least two private equity consortiums, in a deal that could value the company at more than $2.1 billion.

The company's shares jumped as much as 18% on the news, with analysts flagging its national distribution footprint and long-dated tenant leases as attractive to infrastructure-style buyers seeking stable, inflation-linked income.

“This is exactly the kind of asset offshore pension funds have been circling — hard infrastructure with contracted cash flows,” one Sydney-based M&A adviser said.

The board has granted both parties access to limited due diligence, with a binding proposal not expected before the end of the quarter.

Private Equity Firms Circle ASX-Listed Logistics Group in $2.1 Billion Approach

More in M&A

oOh!media Shareholders Back I Squared’s Takeover With 99.89% of Votes, Leaving FIRB and the Court

Eagers Buys Out Its BYD Retail Partner, Taking Full Control of the Chinese Brand’s Showrooms

Frasers Says 65 Cents Is Its Final Word on Accent, and Accent’s Board Says No Again