Rocktree Logistics Group Acquires Atria to Enhance Global Operations and Offerings
In a significant move to bolster its global standing in the logistics industry, Rocktree Logistics Group, a prominent service provider with a strong network of offshore terminals, has announced its acquisition of Atria Soluciones Logísticas. This South American company is well-known for its port services and river transportation, primarily functioning along the Paraguay-Parana Waterway, the essential shipping route for agricultural commodities. The acquisition, which marks a pivotal expansion for Rocktree, will allow the combined entity to service a diverse array of commodities across both dry and liquid bulk shipping sectors, thus diversifying its operational capabilities across five continents.
Daniele Pratolongo, CEO of Rocktree, expressed his enthusiasm for embracing Atria into their family, emphasizing that this acquisition not only enhances their service offerings but also solidifies their position as a leading logistics solution provider on a global scale. Atria has built a robust network over the years, with its assets, long-standing customer relationships, and operational prowess making it an ideal partner for Rocktree. This strategic move comes with a significant financial backing, as Rocktree has secured up to $350 million in private credit financing from Blue Ocean, a maritime investment platform overseen by EnTrust Global.
Atria has been a major player in the logistics sector, renowned for its extensive portfolio, which includes push-boats, barges, port terminals, and an offshore floating crane, among others. This acquisition stands to provide Rocktree with a plethora of opportunities to optimize grain transport operations and enhance its existing logistical frameworks. Furthermore, the merger is expected to unlock new synergies and accelerate growth within the food and feed supply chains, an essential component of the global commodity market.
The logistics industry is currently witnessing a surge in demand due to escalating infrastructure needs worldwide, driven by population growth and the push for new technologies to digitize and decarbonize economies. Rocktree is well-positioned to tap into this growing market share, especially given that infrastructure projects necessitate a steady supply of raw commodities. With remote sourcing becoming an increasingly common practice, solutions like offshore floating terminals are becoming essential to facilitate efficient global commodity transport.
Looking ahead, both CEOs have expressed confidence in their combined cultures and values of reliability, collaboration, and safety, which are expected to promote a seamless integration of their operations. Francisco Mackinlay, CEO of Atria, noted that this strategic partnership will significantly enhance the range of services available to their customers, enabling both companies to grow and thrive together. The anticipated closing of the transaction is expected in the first quarter of 2025, subject to customary regulatory approvals.
Advisors for this transaction include Evercore as a financial advisor for Rocktree and a collaboration of legal firms led by Proskauer Rose LLP. On the other side, BNP Paribas provided financial advice to Southern Cross Group, Atria's previous owner, with legal support from Salaverri, Burgio Wetzler Malbrán.
The acquisition of Atria represents not just growth for Rocktree but a significant development in the logistics sector, where enhanced efficiency and expansive service offerings are vital for meeting the demands of a dynamic global market. With Rocktree's track record since its inception in 2007 and Atria's commendable legacy since 1994, the newly merged entity is set to redefine industry standards and lead in innovative logistics solutions.
Daniele Pratolongo, CEO of Rocktree, expressed his enthusiasm for embracing Atria into their family, emphasizing that this acquisition not only enhances their service offerings but also solidifies their position as a leading logistics solution provider on a global scale. Atria has built a robust network over the years, with its assets, long-standing customer relationships, and operational prowess making it an ideal partner for Rocktree. This strategic move comes with a significant financial backing, as Rocktree has secured up to $350 million in private credit financing from Blue Ocean, a maritime investment platform overseen by EnTrust Global.
Atria has been a major player in the logistics sector, renowned for its extensive portfolio, which includes push-boats, barges, port terminals, and an offshore floating crane, among others. This acquisition stands to provide Rocktree with a plethora of opportunities to optimize grain transport operations and enhance its existing logistical frameworks. Furthermore, the merger is expected to unlock new synergies and accelerate growth within the food and feed supply chains, an essential component of the global commodity market.
The logistics industry is currently witnessing a surge in demand due to escalating infrastructure needs worldwide, driven by population growth and the push for new technologies to digitize and decarbonize economies. Rocktree is well-positioned to tap into this growing market share, especially given that infrastructure projects necessitate a steady supply of raw commodities. With remote sourcing becoming an increasingly common practice, solutions like offshore floating terminals are becoming essential to facilitate efficient global commodity transport.
Looking ahead, both CEOs have expressed confidence in their combined cultures and values of reliability, collaboration, and safety, which are expected to promote a seamless integration of their operations. Francisco Mackinlay, CEO of Atria, noted that this strategic partnership will significantly enhance the range of services available to their customers, enabling both companies to grow and thrive together. The anticipated closing of the transaction is expected in the first quarter of 2025, subject to customary regulatory approvals.
Advisors for this transaction include Evercore as a financial advisor for Rocktree and a collaboration of legal firms led by Proskauer Rose LLP. On the other side, BNP Paribas provided financial advice to Southern Cross Group, Atria's previous owner, with legal support from Salaverri, Burgio Wetzler Malbrán.
The acquisition of Atria represents not just growth for Rocktree but a significant development in the logistics sector, where enhanced efficiency and expansive service offerings are vital for meeting the demands of a dynamic global market. With Rocktree's track record since its inception in 2007 and Atria's commendable legacy since 1994, the newly merged entity is set to redefine industry standards and lead in innovative logistics solutions.
Topics General Business）
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