Stonepeak Secures Majority Stake in IOR
Deal News | Jul 31, 2025 | Stonepeak
Stonepeak, an alternative investment firm with a focus on infrastructure and real assets, has concluded the acquisition of a 75% stake in IOR, a prominent player in Australia's commercial fuel distribution and logistics sector. This strategic acquisition is intended to enhance IOR's role in the essential fuel distribution value chain across Australia. The partnership with Stonepeak allows IOR to fortify its relationships with customers and suppliers while expanding its network of distribution channels and technological solutions. Legal and financial advisory roles were undertaken by a consortium of advisors including King & Wood Mallesons, Macquarie Capital, Gilbert & Tobin, and Miles Advisory Partners. Stonepeak, with approximately $73 billion in assets under management, continues to focus on investments in defensive, hard-asset sectors globally. IOR, meanwhile, maintains a comprehensive presence in the Australian fuel industry, with operations spanning fuel import terminals, refueling facilities, a specialty refinery, and proprietary management technologies.
Sectors
- Private Equity
- Fuel Distribution and Logistics
- Infrastructure
Geography
- Australia – IOR is headquartered in Brisbane and operates extensively across Australia, positioning it at the center of the country's fuel distribution and logistics network.
- United States – Stonepeak, the acquiring firm, is headquartered in New York and represents the American interest in this strategic international acquisition.
Industry
- Private Equity – Stonepeak is an alternative investment firm, specializing in sectors like infrastructure and real assets, engaged in the acquisition of IOR.
- Fuel Distribution and Logistics – IOR operates in the commercial fuel distribution sector, providing crucial services in logistics and supply across Australia, making this industry integral to the transaction.
- Infrastructure – Stonepeak's focus on infrastructure investments is underscored by its acquisition of IOR, which is a key player in fuel logistics infrastructure in Australia.
Financials
- 75% – The stake acquired by Stonepeak in IOR.
- $73 billion – The amount of assets under management by Stonepeak.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stonepeak | Acquirer | Company | An alternative investment firm with expertise in infrastructure and real assets. |
| IOR | Target Company | Company | A leading Australian commercial fuel distributor with significant operations across the country. |
| King & Wood Mallesons | Legal Counsel to Stonepeak | Company | Provided legal advisory services for Stonepeak in the transaction with IOR. |
| Macquarie Capital | Financial Advisor to Stonepeak | Company | Served as financial advisor to Stonepeak during the acquisition of IOR. |
| Gilbert & Tobin | Legal Counsel to IOR | Company | Acted as legal counsel for IOR in this acquisition deal. |
| Miles Advisory Partners | Financial Advisor to IOR | Company | Provided financial advisory services to IOR in the acquisition deal. |