Lindsay Australia’s latest milestone deal is expected to create a national refrigerated logistics operation which will generate combined annual revenues of more than $1 billion.
Lindsay Australia acquired SRT Logistics on 30 June 2025 for $108.2 million.
SRT’s established operations and reputation, according to law firm, DLA Piper, align well with Lindsay Australia’s national network and long-term growth objectives.
“This transaction reflects the depth of our experience in complex M&A across the transport and logistics sector,” said DLA Piper Partner, David Ryan.
“Acting as a trusted advisor to Lindsay Australia in this strategic acquisition underscores our commitment to delivering practical, forward-looking legal solutions.”
On 13 May 2025, SRT Logistics confirmed the $108.2 million transaction.
Founded 29 years ago as a small family business operating in Tasmania, SRT Logistics expanded services to Victoria in 2008, New South Wales and Queensland in the past two years and now employs more than 420 people nationally.
Lindsay, founded 70 years ago, is a leading road transport, logistics and warehousing provider across mainland Australia, with more than 1,500 employees. In addition to transport, Lindsay offers a range of specialist services, including fumigation, quarantine, and import/export along with significant interests in the agricultural and rural sector.
“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,” said Lindsay Australia CEO, Clay McDonald.
“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.”
SRT Logistics CEO, Rob Miller, said 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,” he said.
“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.”
Under the agreement, Lindsay Australia acquired the shares of SRT Logistics. SRT Logistics will operate as a wholly owned subsidiary of Lindsay. The owners of SRT Logistics, the Miller family, will become the largest shareholders in Lindsay, holding a combined stake of approximately 12.8 per cent (46,500,000 shares).
Miller has since become an Executive Director on the Lindsay board and play a key role in forming strategy for the newly combined business, while continuing to lead and oversee the SRT Logistics business unit.
In other news, Direct Freight Express has expanded.
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