Our Track Record

U.S. President Joe Biden appointed Libra Group Vice Chairman Nicholas Logothetis to the United States Merchant Marine Academy (USMMA) Board of Visitors. In this role, Nicholas will advise the U.S. President, U.S. Secretary of Transportation, and Congress on issues related to USMMA.

Lomar announced its collaboration with market-leading maritime robotics company, Alicia Bots, to deploy ‘ROVERCLEAN’ robotic hull inspection and grooming solutions on up to 15 of its vessels. The autonomous hull cleaning technology provides reduction in hull fouling, reducing fuel consumption, costs and carbon emissions.

Launch of Libra Philanthropies, Libra Group’s sister organization and a global foundation built on Libra Group’s decade-long social responsibility legacy, with an impact on over 25 million people in 182 countries and nearly 300 organizations around the world.

Principal Media added the acclaimed IMAX documentary “Into America’s Wild” to its catalog, providing television platforms worldwide with the opportunity to license this captivating exploration of the hidden wonders of the natural world.

Greenwood Sustainable Infrastructure (GSI) acquired the solar and battery portfolios of renewable energy developer Saturn Power, gaining a 1.4 GW pipeline, and expanding their footprint to 12 U.S. states and two Canadian provinces.

Lomar Shipping has launched lomarlabs, a brand new venturelab that will accelerate the uptake of vital technology solutions poised to address the maritime industry’s most pressing challenges including the objective of net-zero emissions.

LCI signed an agreement with Elroy Air, developer of advanced autonomous cargo aircraft systems, to acquire up to 40 of the company’s Chaparral vertical take-off and landing (VTOL) aircraft.

Principal Media announced a strategic investment in Toronto-based Chesler/Perlmutter Productions, a renowned production company with over 30 years of experience developing and delivering award-winning scripted television series and films.

Allied Solar, a new joint venture between Greenwood Sustainable Infrastructure (GSI) and SolarGen announced plans to develop a 40-megawatt (MW) utility-scale solar park on approximately 200 acres of privately owned land in Alexandria, Minnesota.

Having acquired 96 container ships during the sustained market downturn between 2008 and 2020, Lomar completed $1.5 billion of container ship sales following historic market recovery of July 2020.

New marine subsidiary, Americraft Marine, acquires St. Johns Ship Building in Florida, supporting the need for Jones Act-compliant vessels, including those that advance U.S. energy independence.

Greenwood Energy was joined by Colombian President Iván Duque Márquez to celebrate the Terra Initiative, which will feature six utility-scale solar plants providing 144 megawatts of clean energy while providing housing, education and other infrastructure support for the indigenous communities of Colombia’s Nevada de Santa Marta region.

Elandis completed two major real estate investments: ‘Hudson and Crosby at Westchase’, two multifamily communities with 569 residential units in Houston, Texas followed by six multifamily communities in Orlando and Daytona Beach, Florida, comprising 1,242 units acquired for $126.5 million.

Libra created a Global Advisory Board for the Group to provide strategic guidance to the Executive Team and Board of Directors, initially comprising Ido Aharoni, Anna Escobedo Cabral, Anita B. McBride, and Joe Navarro.

Lomar took delivery of the 43rd and final ship in its $1-billion newbuilding investment program, which began a decade before and saw modern, new containerships and bulk carriers delivered between 2014 and 2021.

In partnership with EuroEnergy, well-respected European infrastructure fund Flexam Invest made an investment in the Greek green power market through a transaction covering a series of EuroEnergy’s solar energy parks.

Elandis announced a transformative joint venture platform focusing on multifamily assets in the U.S. between Libra Group and international asset manager, M&G Investments. M&G committed an initial $50 million.

Elizabeth Mine, VT, where Greenwood Sustainable Infrastructure has the state’s largest solar array, approached the end of a $90m cleanup operation. 20,000 solar panels on the 46-acre site now power 1,200 homes a year and offset 6,000 tons of carbon dioxide.

Principal Media began 2019 with a number of new content-streaming deals for shows such as ‘Bounce’, ‘Paper Friends’ and ‘Find me a Classic’ for TV networks throughout the US and international markets.

EuroEnergy begins construction on a new wind park in Delphi, Greece. The 13.8 MW asset comprising six wind turbines, with an individual capacity of 2.3MW each, will generate collectively 28GWhs of green energy per year which will service the annual electricity needs of 7,500 households.

Libra Group sold 14 hotels in the United States between 2018-2019, taking advantage of the high prices in the market at that time.

Greenwood Sustainable Infrastructure acquired two Combined Heat & Power (CHP) plants. Both plants are based in Millennium hotels in Manhattan, New York, and convert natural gas into electrical and thermal energy with far greater efficiencies than the electrical grid.

Adding to the USA sustainable energy portfolio, we acquired L’Anse Warden Electric Co power plant on the shores of Lake Superior in Michigan. The plant has been a major employer in the area since 1959. It is now part of Greenwood Sustainable Infrastructure.

LCI increased its fixed-wing fleet with two Boeing 747-400F main deck freighters on lease to Middle Eastern airlines with Turkey’s myCargo, in addition to existing freighter contracts with Singapore Airlines.

Joined the My Brother’s Keeper Alliance, a nonprofit addressing educational challenges for boys and young men of color in the US.

LCI closed financing facility for US $325 million with additional $100 million optional increase. The funds will be used to expand the company’s helicopter fleet.

Libra Group announced that it is the principal investor in 50% of COCO-MAT, a leading manufacturer of specialist mattresses, other natural sleep products and furnishings. The landmark deal is one of the most significant inward investments in a Greek retail company during the economic crisis.

Lomar continued its fleet expansion with the addition of six container ships to its fleet, the declaration of options on its newbuilding orders as well as the placement of new orders for bulk carriers from the COSCO shipyard in China, taking the company’s fleet to over 60 vessels.

Our South American real estate division signed a $270m landmark joint venture with Hyatt Hotels Corporation to develop and own nine Hyatt Place hotels throughout Brazil.

Launched the annual Hellenic Entrepreneurship Award (now Envolve Entrepreneurship) on behalf of the Hellenic Initiative. With a commitment of €10 million to the program, Libra Group helped provide entrepreneurs in Greece with the chance to receive funding for a new business venture, plus mentoring and support.

Lomar placed an order for up to six new ‘Ultramax’ bulk carrier vessels with COSCO of China and up to six 1,100 TEU container ships from China’s Yangzijiang Shipbuilding (Holdings) Ltd and up to six new design container ships from the Guangzhou Wenchong Shipyard in South China.

On 20th September, 2011, President George W. Bush gave the keynote address at the inaugural Concordia Summit, sponsored by Libra Group. This counter-extremism conference was attended by heads of state, business leaders, government officials and counter-terrorism experts.

Representing the group’s first significant involvement in the media and entertainment industry is Los Angeles-based Principal Media. In 2011, the company was nominated for an Emmy Award for its TV series First Ascent in the ‘Best Camerawork, Sports’ category. The series, which profiles extreme adventure athletes, aired on the Travel Channel in the U.S. and on National Geographic throughout the world.

Entered the US energy market with investment in waste-to-energy, solar and CHP plants. Today our US-based renewable energy subsidiary, Greenwood Sustainable Infrastructure, develops, invests in, and manages sustainable infrastructure assets throughout North America. The company later expanded into South America as Greenwood Energy.

Expansion of Libra’s global corporate presence with the addition of offices in Beijing, China and Hamburg, Germany. Today the group has office locations on four continents. These offices provide a gateway to all of Libra’s commercial interests.

In 2009, Libra Group subsidiaries were among the most acquisitive in the global transportation sector: a total of 64 ships and aircraft were acquired during the year.

The iconic Grace Hotel Santorini opened a year after our award-winning Mykonos Grace hotel made its debut. Still part of our owned portfolio, the hotel went on to win numerous accolades including Travel + Leisure magazine readers’ No 2 hotel in the world, No 2 in Europe and the No 1 hotel in Greece in 2021.

Representing our largest single hospitality investment, we completed the acquisition of prime land in the island resort of Koh Samui, Thailand. When completed, this six-star villa-only development combining a lavish hotel with luxury residences for sale will become a flagship complex.

Created EuroEnergy, our European Union based renewable energy company – our first investment in the emerging renewable energy market with wind and solar energy parks across Europe.

Initiated investment program in Central America with the creation of FCA Group which has built a portfolio of prime commercial real estate in Panama with strong covenants from blue-chip tenants.

As the maritime upturn reached its peak, the sale of four platform supply vessels brought our total fleet sales to 67 vessels over three years. In the ensuing years, Lomar maintained a modest fleet but were poised for reinvestment in maritime when conditions were right. This was realized with our major re-investment in maritime in 2009.

After reaching 50 ships, Lomar began the 24-month process of selling almost all of its reefers, container ships, bulk carriers and tankers. This enabled further expansion and diversification of Libra Group.

We began our first major foray into residential real estate with the acquisition of 120 properties in Singapore’s prime residential areas. Just three years later we took advantage of the cyclical high point in 2007, selling the vast majority of the apartments that had been acquired.

We began the sale of many of our ships during what was to become one of the most significant upturns ever seen in global maritime history. In the same year, we created Lease Corporation International (LCI Aviation), our first business outside maritime, growing rapidly to become the world’s largest privately owned aircraft lessor.

At the age of 19, George Logothetis became CEO of his family’s company, Lomar Shipping, which had three vessels at the time. Between 1976 and 1994 Lomar built up a fleet of reefer containerships, investing heavily during market downturns. In 1997 the majority of the reefers were sold in order to embark on diversification of the fleet. The shipping business was grown into a modern and diversified 55-vessel fleet over 10 years.