About Tristar
Tristar is a company based in Dubai (United Arab Emirates) founded in 1998 by Eugene Mayne. It operates as a Managed Services, Direct-to-Consumer (D2C), and Reseller / Distribution. Tristar has raised $100 million across 1 funding round from investors including Gulf Investment Corporation. Tristar has completed 3 acquisitions, including Canal Companies, ESHIPS and HG Storage. Tristar offers products and services including Road Transport and Warehousing, Maritime Logistics, Fuel Farms, Cryogenics Division, and Fuels and Lubricants Retail.
- Headquarter Dubai, United Arab Emirates
- Founders Eugene Mayne
-
Sectors
Energy & UtilitiesTransportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Tristar Group
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$100 M (USD)
in 1 rounds
-
Latest Funding Round
$100 M (USD), Series C
Nov 08, 2017
- Investors
-
Employee Count
Employee Count
-
Investments & Acquisitions
Canal Companies
& 2 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Tristar
Tristar offers a comprehensive portfolio of products and services, including Road Transport and Warehousing, Maritime Logistics, Fuel Farms, Cryogenics Division, and Fuels and Lubricants Retail. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Road transport and warehousing services are provided globally.
Maritime logistics solutions are offered for global shipping.
Fuel storage facilities are operated in multiple regions.
Cryogenic products transportation and maintenance are provided internationally.
Fuels and lubricants are distributed across African regions.
Funding Insights of Tristar
Tristar has successfully raised a total of $100M through 1 strategic funding round. The most recent funding activity was a Series C round of $100 million completed in November 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series C — $100.0M
-
First Round
First Round
(08 Nov 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Series C - Tristar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tristar
Tristar has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Gulf Investment Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
An investment company based in Kuwait, focused on GCC markets.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Tristar
Tristar has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Canal Companies, ESHIPS and HG Storage. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Diversified midstream operations in oil and gas are conducted.
|
2017 | ||||
|
Provider of ships, tankers & gas tankers ownership & management services
|
1996 | ||||
|
Pipeline transmission services and fuel distribution are provided by Canal.
|
1927 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Tristar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tristar Comparisons
Competitors of Tristar
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Tristar
When was Tristar founded?
Tristar was founded in 1998 and raised its 1st funding round 19 years after it was founded.
Where is Tristar located?
Tristar is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Tristar?
Eugene Mayne is the current CEO of Tristar. They have also founded this company.
Is Tristar a funded company?
Tristar is a funded company, having raised a total of $100M across 1 funding round to date. The company's 1st funding round was a Series C of $100M, raised on Nov 08, 2017.
What does Tristar do?
Tristar is established as a fully integrated energy logistics business, serving the downstream oil and gas industry across over 30 countries in the Middle East, Africa, Asia, the Pacific, the Americas, and Europe. Operations are conducted in sectors such as road transport, warehousing, maritime logistics, fuel farms, and cryogenics. Comprehensive solutions are provided, including fuel storage infrastructure, aviation fuel services, and retail distribution of fuels and lubricants in Africa. Emphasis is placed on safety, sustainability, and environmental responsibility, with certifications like ISO 9001 and adherence to international standards. A global platform is maintained to deliver tailored logistics offerings to major oil companies and industrial clients.
What products or services does Tristar offer?
Tristar offers Road Transport and Warehousing, Maritime Logistics, Fuel Farms, Cryogenics Division, and Fuels and Lubricants Retail.
How many acquisitions has Tristar made?
Tristar has made 3 acquisitions, including Canal Companies, ESHIPS, and HG Storage.
Who are Tristar's investors?
Tristar has 1 investor. Key investors include Gulf Investment Corporation.