OMERS has announced the signing of agreements to sell its approximately 25 percent stake in Exolum to Stoneshield Capital and another global investment firm managing more than $100 billion in assets.
The transaction marks the conclusion of a nearly decade-long investment during which OMERS worked alongside Exolum’s management team and investment partners to support the company’s growth, international expansion and development in lower-carbon fuels and future energy infrastructure.
Since OMERS and its partners first acquired the business in 2016, Exolum has evolved into a more diversified and increasingly international energy logistics platform. The company has also expanded its role in supporting the global energy transition through investments in infrastructure linked to emerging energy solutions.
Today, Exolum operates approximately 6,000 kilometres of pipeline infrastructure across Spain and the United Kingdom, manages 68 storage terminals worldwide and provides services to more than 48 airports globally.
OMERS described the sale as a reflection of both the strength and quality of the Exolum business and its own disciplined approach to active portfolio management and capital rotation. The organisation also highlighted the contribution of Exolum’s management team, employees and investment partners throughout the ownership period.
In its statement, OMERS acknowledged the efforts of current and former team members who helped oversee and develop the investment over the past decade, contributing to the successful outcome of the transaction. The company also extended its best wishes to Stoneshield Capital and its co-investor as they take ownership of the next phase of Exolum’s growth and development.
For more information visit www.omersinfrastructure.com
