Private Equity Firm Other

Stonepeak

New York, New York, United States

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets. It invests in defensive, hard-asset businesses globally through private equity and credit strategies and manages a long-duration portfolio.

Focus Areas
Infrastructure, Real Assets, Digital Infrastructure
Website
stonepeak.com

Tracked deals

23

23 tracked deals across 2019-2026.

Recent pace

12

12 tracked deals announced in the last 12 months.

Deal mix

Buyout

17 buyout · 3 addon · 2 recapitalization

Stonepeak Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for Stonepeak. 1 2019 1 2020 2 2021 1 2022 5 2024 4 2025 ~11 est. 9 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 23 tracked deals for Stonepeak.

  • Buyer
    Stonepeak, Energy Equation Partners
    Target
    Anwim S.A.
    Industry
    Energy
    Location
    Poland
    Type
    Buyout

    Stonepeak and Energy Equation Partners (EEP) have agreed to acquire Anwim S.A., Poland’s largest independent fuel marketer and owner of the MOYA station network. The deal is intended to extend the firms’ European fuel retail joint venture following their 2025 acquisition of a majority stake in JET Tankstellen Deutschland. Closing is expected in the second half of 2026, subject to customary regulatory approvals.

  • Buyer
    Stonepeak, PSP Investments, Axight Capital Limited
    Target
    Estia Health
    Seller
    Bain Capital
    Location
    New South Wales, Australia
    Type
    Buyout

    Stonepeak has entered into a definitive agreement to acquire a majority stake in Estia Health, one of Australia’s leading residential aged care operators. The deal is being completed through Stonepeak’s Volarae Living social infrastructure platform and includes consortium partner Axight Capital Limited (minority stake) and PSP Investments.

  • Buyer
    Stonepeak
    Target
    BMO Transportation Finance business, BMO Vendor Finance business
    Seller
    BMO Financial Group
    Industry
    IT Services
    Type
    Buyout

    Stonepeak has signed a definitive agreement to acquire BMO Financial Group’s Transportation Finance and Vendor Finance businesses, including related loan portfolios in the United States and Canada. BMO will reinvest a minority 19.9% equity interest in the new entity and receive cash consideration and potential earnout tied to future performance, with the transaction expected to close in Q4 2026 subject to regulatory approvals.

  • Buyer
    Stonepeak, Bernhard Capital Partners
    Target
    Cleco Group LLC, Cleco Power LLC
    Seller
    consortium including Macquarie Asset Management, British Columbia Investment Management Corporation (BCI), Manulife Investment Management
    Industry
    Energy
    Type
    Buyout

    Stonepeak and Bernhard Capital Partners agreed to acquire Cleco Group LLC, a regulated Louisiana electric utility headquartered in Pineville, from a consortium led by Macquarie Asset Management and including BCI and Manulife Investment Management. The deal is subject to customary regulatory approvals, with Stonepeak expected to hold the majority interest upon close.

  • Buyer
    Stonepeak
    Target
    Southern Marinas
    Seller
    Affiliates of KSL Capital Partners, LLC
    Industry
    Infrastructure
    Location
    United States

    Stonepeak recapitalized Southern Marinas through a transaction in which affiliates of KSL Capital Partners sold their interests to Stonepeak. Southern Marinas is a U.S. marina owner and operator with a diversified portfolio of 16 marinas across eight states.

  • Buyer
    Stonepeak
    Target
    Southern Marinas
    Seller
    Gridiron Capital
    Industry
    Infrastructure
    Location
    United States

    Stonepeak has recapitalized Southern Marinas, taking majority control of North America’s largest marina operator in a deal valued at well over $1 billion. The firm acquired its stake from Gridiron Capital, while Southern Marinas’ founding management team led by CEO Brad Nelson retained a meaningful equity stake and continued day-to-day operations.

  • Buyer
    Stonepeak Credit, Acture Solutions
    Target
    Artilus, Inc.
    Industry
    IT Services
    Type
    Addon

    Acture Solutions received strategic growth financing from Stonepeak Credit to support its continued expansion, including its acquisition of Artilus, Inc. Artilus is a Long Island–based provider of cybersecurity, managed IT, and systems integration services.

  • Buyer
    Stonepeak, Alphabet (Google)
    Target
    GFiber, Astound Broadband
    Industry
    Infrastructure
    Location
    United States
    Type
    Buyout

    GFiber and Stonepeak announced an agreement to combine GFiber with Astound Broadband, creating a new independent U.S. fiber internet provider. The new entity will be majority owned by Stonepeak, with Alphabet retaining a significant minority stake, and the deal is expected to close in the fourth quarter following regulatory approvals.

  • Buyer
    TXP Environmental, NMS Capital, Stonepeak Credit
    Target
    Diamond Back Recycling, Diamond Back Landfill, Diamond Back Sanitary Landfill, Diamond Back
    Seller
    Michael Valenzuela
    Type
    Addon

    TXP Environmental, backed by NMS Capital, announced its acquisition of Diamond Back Recycling and Sanitary Landfill in Odessa, Texas. The transaction terms were not disclosed, and TXP also arranged a new secured credit facility with Stonepeak Credit to support the deal and future growth.

  • Buyer
    Stonepeak, CPP Investments, bp
    Target
    Castrol
    Seller
    bp
    Industry
    Energy
    Location
    United Kingdom
    Type
    Buyout

    Stonepeak has agreed to acquire a majority controlling interest in Castrol from bp in a transaction valuing the lubricants business at an enterprise value of approximately $10.1 billion. bp will retain a 35% minority stake, while CPP Investments will invest up to USD $1.05 billion in support of the deal; the transaction is expected to close by the end of 2026, subject to regulatory approvals.

  • Buyer
    Stonepeak
    Target
    TeleTower
    Industry
    Infrastructure
    Location
    Lithuania
    Type
    Buyout

    Stonepeak agreed to acquire TeleTower, Bitė Group’s towers business in Lithuania and Latvia. The transaction is expected to close in Q2 2026 and is intended to create the first fully independent tower company in the Baltics, supported by a long-term commercial partnership with Bitė for further tower rollouts and 5G expansion.

  • December 17, 2025
    Buyer
    Stonepeak
    Target
    Allgas
    Seller
    APA Group, Marubeni Corporation, other shareholders
    Industry
    Energy
    Location
    Queensland, Australia
    Type
    Buyout

    Stonepeak has entered into a definitive agreement to acquire Allgas, a gas distribution network operating across Queensland, Australia. The deal is subject to regulatory approvals and is expected to close in the first half of 2026.

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