Stonepeak and Energy Equation Partners (EEP) announced an agreement to acquire Anwim S.A., Poland’s largest independent fuel marketer and operator of the MOYA station network. The deal extends the firms’ European fuel‑retail joint venture, which previously added a majority stake in JET Tankstellen Deutschland GmbH in December 2025, and is slated to close in the second half of 2026 pending customary regulatory approvals.
Acquisition Details and Transaction Timeline
The agreement covers the purchase of Anwim, a nationwide retail and wholesale fuel distributor with more than 540 MOYA stations and an annual volume of roughly 3 billion liters. Stonepeak, a leading alternative‑investment firm focused on infrastructure and real assets, will partner with EEP, an investment firm that backs middle‑market energy companies, to complete the transaction. Legal counsel for the buyers includes Akin Gump Strauss Hauer & Feld LLP and Rymarz Zdort Maruta, while financing counsel is provided by Paul, Weiss, Rifkind, Wharton & Garrison LLP. The parties expect the acquisition to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
Anwim’s Market Position and Operational Scope
Anwim ranks as Poland’s third‑largest and fastest‑growing fuel‑station chain. Its MOYA network spans the country, giving the company access to Poland’s full fuel‑logistics infrastructure, both for domestic sourcing and significant import capabilities. The customer base is broad, covering individual retail fuel buyers, multinational corporations, and smaller commercial clients such as filling‑station operators, transport firms, manufacturers, and processing plants. CEO Rafał Pietrasina described Anwim as “a strong, modern organization operating in fuel import, wholesale, and retail, while expanding into new areas related to e‑mobility and the energy transition.”
Strategic Rationale for Stonepeak and EEP
Stonepeak’s Senior Managing Director and Co‑Head of Energy, Anthony Borreca, highlighted Poland’s “strong, long‑term fuel demand” and noted that Anwim’s diversified offerings, expansive footprint, and high‑quality infrastructure position it well for future growth. He added that the combined expertise of Stonepeak and EEP in energy infrastructure, fuel‑station operations, and e‑mobility, together with operational best‑practice sharing with JET, should help strengthen the MOYA brand and expand its leadership position.
EEP Investment Partner Sari Haidar echoed this view, citing “strong potential in Anwim” and the opportunity to build a leading independent multi‑energy platform across Europe. She emphasized that EEP’s presence in European markets and its expertise in energy infrastructure and mobility will enable tangible synergies in operational know‑how, e‑mobility development, and modern retail services.
Implications for the European Fuel‑Retail Landscape
The acquisition adds a third major player to the Stonepeak‑EEP European fuel‑retail portfolio, which already includes JET’s operations in Germany and Austria. By integrating Anwim’s Polish network, the joint venture gains a foothold in Central‑Eastern Europe, a region where fuel demand remains robust and where e‑mobility infrastructure is in early stages of development. The combined entity will control a sizable share of fuel‑retail assets across three countries, potentially allowing coordinated procurement, shared technology platforms, and unified branding strategies. However, the transaction’s impact on competition, pricing, or regulatory scrutiny will depend on the outcomes of the pending approvals.
Key Takeaways
- Stonepeak and Energy Equation Partners agreed to acquire Anwim S.A., Poland’s largest independent fuel marketer with over 540 MOYA stations and ~3 billion liters of annual volume.
- The deal is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
- The acquisition expands the firms’ European fuel‑retail joint venture, adding a Central‑Eastern European platform to existing operations in Germany and Austria.
EnergyInsyte's Take
The transaction gives Stonepeak and EEP a strategic foothold in a high‑demand Polish market while positioning the combined platform to leverage cross‑border synergies in fuel logistics and emerging e‑mobility services. Executives should monitor the regulatory review process and the pace at which Anwim integrates e‑mobility offerings, as these factors will shape the joint venture’s ability to deliver on its growth ambitions.
Source: Businesswire
