Strait Link sets course under new owner
01/04/2026
Strait Link sets course under new owner
MELBOURNE, 1 Apri…
Strait Link Announces Sale to Igneo Infrastructure Partners
MELBOURNE, 19 December 2025 – Strait Link today confirmed owner Allegro Funds has signed a binding agreement to sell Strait Link’s end-to-end shipping and logistics business to Igneo Infrastructure Partners (“Igneo”).
Subject to obtaining regulatory approvals and satisfaction of customary conditions precedent, Igneo will acquire 100% of Strait Link, with completion expected in 2026. Strait Link is Australia’s leading Bass Strait shipping and logistics provider.
Allegro Founding Partner and Team Global Express Director, Adrian Loader, said, “When we first acquired Strait Link, our vision was to transform a critical part of Tasmania’s supply chain into an independent, resilient shipping business. Under the Team Global Express portfolio, Strait Link has proven its strength as a leading employer and a vital trade link for Tasmanians.
“This sale reflects confidence in Strait Link’s continued growth and market leadership. We’re proud to preserve its Tasmanian heritage and secure its future as a trusted driver of regional connectivity and trade.”
Geoff Gruebner, Strait Link Chief Executive Officer, said, “Following a robust and competitive sales process, today’s announcement is a positive outcome for Strait Link, delivering value for our shareholders while supporting the business’s continued long-term growth.
“Strait Link is a proven market leader across both the Bass Strait shipping and transport and logistics industries in Tasmania, and remains fundamental to Tasmania’s economic connectivity.”
Strait Link’s shipping assets include two modern vessels, the Tasmanian Achiever II and Victorian Reliance II, supported by secure long-term leases at both Port of Melbourne and Port of Burnie.
The Company’s landside fleet comprises prime movers, trailers, more than 4,500 containers, and 11 depots across Tasmania and Victoria, including Webb Dock, Burnie, Devonport, Hobart and Launceston.
Mr Gruebner said, “Igneo is acquiring a strong business including a key infrastructure asset with demonstrated sustainable growth in the Australian shipping sector, and significant potential for further development.
“This transaction provides certainty for our people, customers, and stakeholders across Tasmania and Victoria, where we remain a major employer and essential service provider.
“As we work toward completion, our focus remains on delivering safe and reliable services to our customers.”