Stonepeak has acquired a 75% interest in IOR, a leading Australian commercial fuel distributor, to enhance its growth potential and operational capabilities in the fuel distribution sector.

Overview of the Target: IOR

IOR is a premier commercial fuel distributor based in Brisbane, Australia, deeply integrated into the country’s fuel distribution value chain. The company operates two fuel import terminals, a refinery that specializes in tailored fuel products, a network of over 110 unmanned refueling truck stops, and more than 30 aviation refueling facilities. Moreover, IOR boasts an extensive transport fleet that services various regions across Australia, alongside two in-house manufacturing and maintenance facilities dedicated to fuel infrastructure.

With a focus on innovation, IOR has developed its proprietary fuel management system, HyDip, which is designed for reliable operation even in Australia’s most remote locations. This commitment to technological advancement, paired with strong relationships with reputable international fuel suppliers, solidifies IOR's unique value proposition in the market.

Industry Overview in Australia

The fuel distribution industry in Australia is an essential component of the nation's logistics and transportation sectors. As a vast continent with significant distances between major urban centers, efficient fuel