Stonepeak and Energy Equation Partners have acquired a 65% stake in JET Tankstellen Deutschland GmbH for approximately €2.5 billion, positioning the company to advance its growth and sustainability initiatives in the evolving energy landscape.

Information on the Target

JET Tankstellen Deutschland GmbH, commonly referred to as JET, is a prominent fuel retailer operating in Germany and Austria. The company owns and operates a vast network of service stations, serving a diverse customer base with a trusted brand known for reliability and quality service. With its strong market presence, JET is strategically positioned to capitalize on the evolving needs of consumers in the energy sector.

Acquired by Stonepeak and Energy Equation Partners (EEP), JET is valued at approximately €2.5 billion in this transaction. The partnership aims to leverage JET's existing strength and infrastructure to usher in significant advancements in service delivery and operational excellence as the company navigates future challenges in the energy landscape.

Industry Overview in Germany

The fuel retail industry in Germany is characterized by a robust competitive landscape with numerous established players. The sector has witnessed considerable transformation in recent years, fueled by the incre