Asian Bulk Logistics and ICG jointly announce the successful completion of ABL’s acquisition of 100% of SCF Containers, Australia’s leading provider of tailored shipping container solutions with operations across Australia and New Zealand. SCF offers one of the most extensive and diverse ranges of intermodal, tank, and on-site storage containers. This transaction marks a key milestone for both organizations: for ABL, it reinforces its strategic expansion and commitment to delivering world-class integrated logistics and infrastructure solutions; for ICG, it represents the successful exit of a high-quality asset underpinned by strong operational performance and long-term growth fundamentals.

ABL Group has completed the acquisition of SCF Containers from ICG following the fulfilment of all conditions precedent. ICG, a global alternative asset manager investing across structured capital, private equity secondaries, private debt, credit and real assets, has supported SCF’s growth over recent years, including strengthening its nationwide network, expanding product offerings, and enhancing operational capabilities.

The acquisition significantly strengthens ABL’s footprint in Australia by deepening exposure to a resilient and diversified industrial base. It follows ABL’s previous acquisitions of One Rail Australia (East Coast Rail, ECR) in 2023 — the third-largest rail bulk haulage provider in Australia — and Transshipment Service Australia (TSA) in 2025, a long-established transshipment solutions provider headquartered in Perth. Together, these steps reflect ABL’s long-term strategy to broaden its portfolio beyond energy commodities into sectors such as retail, consumer goods, construction, and chemicals.

SCF Containers is one of Australia’s largest container solution providers, serving customers across rental, sales, design, and maintenance segments. Its offering spans general-purpose containers, tank units, refrigerated containers, intermodal assets, site sheds, and remote accommodation modules. With more than three decades of operations, SCF maintains a strong national presence across Adelaide, Melbourne, Brisbane, Sydney, Perth, Darwin, Townsville, and other key locations. The company’s capability to deliver tailored solutions across transport, storage, and on-site operational needs makes it a critical partner across multiple industries.

President Director of ABL, Ika Heru Beth Ari, stated: “Acquisitions enable accelerated growth by providing immediate access to new assets, technologies, customers, and revenue streams, while expanding market reach across new regions. They also support rapid portfolio diversification and offer capabilities that strengthen competitiveness. Integrating SCF into the ABL Group presents significant opportunities to widen our customer base, enhance our solution suite, and reinforce our position as a world-class logistics leader.”

James Giannas, Managing Director at ICG, shared: “SCF has been a highly valued business within our portfolio, and we are exceptionally proud of the progress the management team has made. The Company has expanded its capabilities domestically and internationally, strengthened its customer base, and secured transformational opportunities such as the Aurizon agreement. We believe ABL Group is the ideal partner to support SCF through its next chapter, and we look forward to seeing the Company continue to grow under their stewardship.”

SCF Chief Executive Officer, Justin Speedy, commented: “We are delighted to be joining the ABL group. I would like to thank ICG for their long-standing support and partnership, which has allowed us to strengthen our operations, expand our fleet, and secure major new opportunities such as the Aurizon contract. ABL Group brings deep industrial expertise and a long-term mindset, and we look forward to accelerating our growth trajectory and continuing to deliver innovative, sustainable solutions for our customers. In the meantime, it is business as usual for our valued customer base as we enter what really is an exciting new chapter for SCF.”