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Announced

Completed

Stonepeak and Spirit Super completed the acquisition of GeelongPort.

Synopsis

Stonepeak, an alternative investment firm specializing in infrastructure and real assets, and Spirit Super, an Australian industry super fund, completed the acquisition of GeelongPort, Victoria’s second largest port located approximately 75km southwest of Melbourne. Financial terms were not disclosed. “Closing this transaction marks another exciting milestone in the history of GeelongPort as it continues to serve its customers and the greater community of Victoria while playing an integral role in global trade. We believe GeelongPort has access to a meaningful set of opportunities for long-term growth, and we look forward to working with the GeelongPort team as we help them realize those opportunities while continuing to invest in existing objectives and supporting continued growth in the region,” Darren Keogh, Stonepeak Senior Managing Director.

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