Key takeways:
- Stonepeak (USA) to Acquire 75% of IOR: The global infrastructure investment firm will take a majority stake in Australian fuel and logistics provider IOR, with the deal expected to close in late 2025.
- The acquisition strengthens Stonepeak’s presence in Australia, adding to existing investments in energy, transport, and logistics across the region.
- IOR leadership sees the partnership as a catalyst for future expansion, while Stonepeak highlights IOR’s strong operational model and nationwide network.
Global investment firm Stonepeak has announced its agreement to acquire a 75% majority interest in IOR, a leading Australian fuel distributor and logistics company. The transaction, subject to regulatory approvals, is expected to close in the second half of 2025.
Stonepeak, headquartered in New York with offices worldwide, manages over $61 billion in assets and specializes in infrastructure and real assets across sectors including energy, transport, logistics, and communications. The IOR acquisition builds on its existing investments in Australia and New Zealand, which include GeelongPort, ZEN Energy’s Templers BESS project, and social infrastructure group Arvida.
IOR, founded in 1984 and headquartered in Queensland, supplies diesel, AdBlue, and aviation fuel across Australia and the Pacific. The company serves over 7,000 customers in industries such as mining, agriculture, transportation, and aviation. It operates more than 110 unmanned truck refueling stations and offers end-to-end fuel solutions including importation, storage, distribution, and remote fuel management technology.
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