NEW YORK & BRISBANE – July 30, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the closing of its previously announced acquisition of a 75% interest in IOR, a leading integrated commercial fuel and logistics provider in Australia.
Stonepeak’s investment furthers IOR’s ability to grow its business as a critical pillar of the essential fuel distribution value chain in Australia. With Stonepeak, IOR is well-positioned to continue its legacy of prioritizing its local, hands-on relationships with its customers and suppliers while providing them with innovative solutions that support the broader industry. IOR will also be able to provide customers with access to fuel in even more locations through its extensive network of commercial distribution channels and proprietary technology solutions.
King & Wood Mallesons served as legal counsel and Macquarie Capital served as financial advisor to Stonepeak. Gilbert & Tobin served as legal counsel and Miles Advisory Partners served as financial advisor to IOR.
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.
About IOR
IOR is a leading commercial fuel distributor with operations across Australia and headquarters in Brisbane. IOR participates across the full fuel distribution value chain, operating: two fuel import terminals; a refinery for specialty products; a network of more than 110 unmanned refueling truck stops and more than 30 aviation refueling facilities; an extensive transport fleet with depots across Australia; and, two fuel infrastructure manufacturing and maintenance facilities. IOR has developed its own proprietary fuel management hardware and software called HyDip, which is designed to operate reliably in the most remote corners of the country. IOR’s long-term focus on innovation and technical development has underpinned its growth, and the establishment of a unique value proposition for its commercial customers. IOR maintains strong relationships with reputable international fuel suppliers via its supply function based in Singapore. For more information, please visit www.ior.com.au.
Contacts
Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225
IOR
Drew Hipwood
media@ior.com.au
+61 418 718 634