Stonepeak Acquires Majority Controlling Interest in Castrol from bp (65% Stake)

Stonepeak Makes £450M Minority Investment in The AA

July 26, 2024

Automotive

Stonepeak has completed a £450 million minority investment in The AA at an enterprise value of approximately £4.0 billion, acquiring a non-controlling stake. The transaction provides capital to strengthen The AA's balance sheet (including repayment of £180 million Class B3 notes) and to support growth and continued digitalisation; TowerBrook Capital Partners and Warburg Pincus remain the majority shareholders.

Stonepeak to Acquire 75% of IOR

April 15, 2025

Energy

Stonepeak entered into an agreement to acquire a 75% interest in IOR, an integrated commercial fuel distribution and logistics provider in Australia. The transaction is expected to close in the second half of 2025, subject to regulatory approvals.

Brookfield Asset Management to Acquire Peakstone Realty Trust in $1.2 Billion All-Cash Deal

February 2, 2026

Real Estate

Brookfield Asset Management (via a Brookfield private real estate fund) entered into a definitive agreement to acquire Peakstone Realty Trust for $21.00 per share in cash, valuing the deal at approximately $1.2 billion. The acquisition will expand Brookfield’s industrial real estate platform by adding Peakstone’s industrial outdoor storage (IOS) and traditional industrial property portfolio.

Stone Point Capital Agrees to Acquire Majority Interest in Kestra Holdings (Recapitalization)

October 19, 2024

Financial Services

Funds managed by Stone Point Capital have agreed to acquire a majority interest in Kestra Holdings’ parent partnership, replacing Warburg Pincus as the current partner. Oak Hill Capital will remain a minority owner, while the Kestra management team and Bluespring-affiliated principals will retain equity positions.

Stonepeak Acquires Boundary Street Capital

November 12, 2024

Financial Services

Stonepeak agreed to acquire Boundary Street Capital, LP, a specialist private credit investment manager focused on digital infrastructure and enterprise infrastructure software and technology services for the lower middle market. The combined platform is intended to broaden Stonepeak Credit’s digital infrastructure investing capabilities and credit-linked offerings. Stonepeak later completed the acquisition in January 2025.

Stonepeak to Acquire Allgas

December 17, 2025

Energy

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.