Libra Group

Its 20 operating entities include businesses across six continents, in six sectors: Aerospace, renewable energy, hotels and hospitality services, real estate, maritime, and diversified investments.

[6][7][8][5] In 2003, George Logothetis founded Libra Group, based in New York and London, in order to diversify and expand the shipping company into new business areas.

[6][12] Libra Group repeated this successful "buy-low, sell-high" formula of going counter to prevailing market trends several times in the ensuing decade, building a large diversified multinational organization out of the former small shipping company.

[32][33][34] In 2024, Libra's Lomar Shipping exited the container sector after selling close to 100 vessels for more than $2 billion between 2020 and early June 2024.

[36] Lomarlabs was launched in March 2023 to explore adaptive maritime technologies such as carbon capture devices, robotics, and removable wind sails.

The same year Lomarlabs announced a collaboration with Seabound, a maritime emissions reduction and carbon capture start-up.

[37] In March 2024 Seapath launched a maritime leasing business focused on Jones Act-compliant vessels with $25 Million in initial transactions.

[44][45] Helicopters leased by LCI are used for offshore oil operations, for commercial and governmental use, and for search and rescue as well as emergency medical services.

[50] Sumitomo Mitsui Finance and Leasing Company (SMFL) acquired a 35% stake in LCI from Libra Group in March 2023.

In April 2022, LCI signed an agreement with BETA Technologies to acquire up to 125 of the company's electric vertical take-off and landing (eVTOL) aircraft.

[73] In April 2022 Latin American subsidiary Greenwood Energy, together with the Confederación Indígena Tayrona (CIT), the organization of indigenous peoples of northwestern Colombia, launched the Terra Initiative, a utility-scale solar project in Colombia's Sierra Nevada de Santa Marta mountains.

[78] Libra Group's real estate subsidiaries are involved in the development and management of residential, retail, commercial, and hospitality properties worldwide.

The company formerly operated a real estate brokerage, management, and consulting services firm, Singapore Residential.

Other real estate subsidiaries include Elandis and Mayfair Investments and investor and management company FCA Group in Panama.

[82] [83][79] In September 2020, real estate subsidiary Elandis announced a joint venture between Libra Group and international asset manager M&G Investments for multifamily properties in the U.S.[84] Grace Hotel Santorini is owned by Libra Group's Athens and Madrid-based real estate subsidiary Sparta.

Libra Group has a strategic interest in Argentina-based real estate investment and development company, Amerisud.

The company previously developed Optima Business Park in three phases and a residential complex, Beccar Plaza, both in Buenos Aires.

The company is active in the development of sustainable supply chain infrastructure for critical rare earth minerals, such as green steel.

[7][99] The company also operates 26 offices worldwide, including locations in Miami, Beijing, Buenos Aires, and Athens.

[22] The major subsidiaries operate in six separate industries: Aerospace; renewable energy; hotels and hospitality services; real estate; maritime and diversified investments.

[103][104] Libra Group is privately owned by the Logothetis family, whose members fill several key roles in the organization.

[120] The company also launched the American Entrepreneurship Award, for U.S. communities facing a disproportionate lack of opportunity – initially Bronx, New York and Miami-Dade County, Florida – in 2016.

[123] Libra Group is a founding sponsor of the My Brother's Keeper (MBK) Alliance, launched in May 2015 by President Obama.

[119][124] The MBK Alliance helps young men of color throughout the U.S. reach their full potential, by ensuring and improving educational and workplace opportunities.

[124][125] As part of its involvement with the original My Brother's Keeper Initiative launched by Obama in February 2014, Libra Group has partnered with Leadership Enterprise for a Diverse America (LEDA) by providing internship placements for young men of color at Libra and its global subsidiaries.