IOR to Strengthen Growth Through Partnership with Stonepeak
Deal News | Apr 15, 2025 | Stonepeak
Stonepeak, a prominent alternative investment firm, has announced plans to acquire a 75% stake in IOR, a major commercial fuel and logistics provider in Australia. The transaction underscores Stonepeak's broader Asia infrastructure strategy and commitment to supporting supply chains essential to the economy. IOR, headquartered in Brisbane, operates throughout the entire fuel distribution value chain with a vast network of refueling stops and logistics capabilities. In collaboration with Stonepeak, IOR aims to accelerate its growth and expand service offerings. The partnership will leverage Stonepeak's extensive experience in infrastructure and robust presence in Australia. The acquisition is expected to finalize in the latter half of 2025 following regulatory approvals, while financial advisor and legal counsel roles were filled by Macquarie Capital and King & Wood Mallesons for Stonepeak, with Miles Advisory Partners and Gilbert & Tobin representing IOR.
Sectors
- Infrastructure Investment
- Energy and Logistics
Geography
- Australia – IOR is an Australian company, and the acquisition by Stonepeak underscores Stonepeak's investment footprint in the region.
- United States – Stonepeak, headquartered in New York, represents US investment interests in infrastructure within Australia.
Industry
- Infrastructure Investment – Stonepeak's acquisition of IOR highlights its investment focus on infrastructure sectors critical to supply chain functionality.
- Energy and Logistics – IOR operates across the commercial fuel distribution value chain, playing a key role in the energy and logistics sectors within Australia.
Financials
- 75% – Percentage of IOR's interest to be acquired by Stonepeak.
- USD $1 billion – Amount of capital Stonepeak has deployed into infrastructure investments in Australia and New Zealand.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stonepeak | Acquirer | Company | An alternative investment firm specializing in infrastructure and real assets, managing approximately $72 billion in assets. |
| IOR | Target Company | Company | A leading commercial fuel and logistics provider with operations across Australia, headquartered in Brisbane. |
| King & Wood Mallesons | Legal Advisor | Company | Served as legal counsel to Stonepeak in the acquisition process. |
| Macquarie Capital | Financial Advisor | Company | Served as financial advisor to Stonepeak. |
| Gilbert & Tobin | Legal Advisor | Company | Served as legal counsel to IOR. |
| Miles Advisory Partners | Financial Advisor | Company | Served as financial advisor to IOR. |
| Darren Keogh | Senior Managing Director | Person | A Senior Managing Director at Stonepeak who commented on the strategic importance of the IOR acquisition. |
| Stewart Morland | Director | Person | Director at IOR who discussed the partnership's strategic vision. |
| Drew Morland | Chief Executive Officer | Person | CEO of IOR who emphasized Stonepeak's value as a partner. |