The gas station industry in Benelux serves as a critical component of the energy supply chain, catering to both consumers and businesses. This sector includes major players from corporate giants to local entrepreneurs, offering fuel, convenience stores, and electric vehicle (EV) charging stations. The industry's evolution is marked by a growing commitment to greener alternatives, integrating clean energy solutions alongside traditional fuel offerings. Interestingly, the shift towards sustainable practices is redefining the landscape, with EV charging stations becoming a vital part of the gas station model. As energy demands diversify, the sector is positioned for significant transformation.


The investors featured in this list comprise a mix of corporate, private equity, and venture capital firms, illustrating varied approaches in the gas station sector. Headquartered in locations like Rotterdam and Luxembourg, these investors range from small teams to large global corporations. Established from 1896 to 2005, their investment counts for 2024 exemplify their strategic ambitions, with some making up to 16 deals within the year. This eclectic portfolio suggests they are vital contributors to the evolving gas station landscape in Benelux, driving both growth and innovation.


Top 7 Gas Station Investors in Benelux


1. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent private equity firm based in Luxembourg, founded in 2005. It specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC has made significant investments in the gas station sector, notably acquiring Pilot Flying in 2008, which operates a network of travel centers and gas stations across the United States. Additionally, their investment in Moto Hospitality in 2015, which provides services at motorway service areas, further emphasizes their engagement in the gas station and related industries. CVC's strategic investments aim to deliver sustainable value and growth, showcasing their capability to enhance operations in the gas station sector.


2. Vitol

  • Website: vitol.com
  • Type: Corporate
  • Headquarters: Rotterdam, South Holland, Netherlands
  • Founded year: 1966
  • Headcount: 1001-5000
  • Number of deals in 2024: 4
  • LinkedIn: vitol-b.v.

Vitol is an energy trading company founded in 1966, headquartered in Rotterdam, Netherlands. The company specializes in the trading and distribution of crude oil, gas, and sustainable energy solutions, serving industrial and utility customers globally. With a robust logistics network, Vitol efficiently manages the flow of energy products to meet client needs. Notably, Vitol has made significant investments in the gas station sector, including the acquisition of Vivo Energy for $2.3 billion in November 2021, which operates a large network of service stations across Africa. In March 2017, they acquired Petrol Ofisi for $1.45 billion, a leading fuel distribution company in Turkey with a vast network of gas stations. Additionally, their investment in Rodoil, which has around 300 branded service stations in Brazil, further emphasizes their commitment to the gas station industry. These transactions highlight Vitol's strategic focus on expanding its footprint in the downstream fuel market, making them a relevant investor in the gas station sector.


3. Vopak

  • Website: vopak.com
  • Type: Corporate
  • Headquarters: Rotterdam, South Holland, Netherlands
  • Founded year: 1999
  • Headcount: 5001-10000
  • Number of deals in 2024: 1
  • LinkedIn: vopak

Royal Vopak N.V. is a logistics company based in Rotterdam, Netherlands, specializing in the storage and handling of essential products such as chemicals, oil, gases, and biofuels. Founded in 1999, Vopak operates a global network of terminals that provide safe and efficient storage solutions for a diverse range of customers, including producers and manufacturers. In recent years, Vopak has made significant investments in the LNG sector, including a 50% stake in the Eems Energy Terminal, aimed at enhancing their LNG infrastructure. Additionally, they acquired a 49% stake in Sociedad Portuaria el Cayao, the only LNG import facility in Colombia, which allows them to tap into the growing Colombian LNG market. These transactions highlight Vopak's commitment to expanding its portfolio in the gas sector, making them a relevant player in the gas station industry.


4. Brabantse Ontwikkelings Maatschappij (BOM)


The Brabantse Ontwikkelings Maatschappij (BOM) is a development agency based in Tilburg, North Brabant, Netherlands, founded in 1983. BOM supports startups and scale-ups in the Brabant region by offering various programs aimed at enhancing business growth, including readiness programs for venture capital and innovation in sustainable food and energy sectors. They collaborate with businesses to provide funding, expertise, and networking opportunities. Notably, BOM has participated in several transactions that intersect with the gas station industry, such as their investment in Travis Road Services, which secured €5 million to accelerate growth in Europe, and their involvement with GreenFlux, a smart charging platform for electric vehicles. These investments suggest a focus on sustainable energy solutions that could complement gas station operations, particularly as the industry evolves towards electric vehicle charging infrastructure.


5. SHV Energy

  • Website: shvenergy.com
  • Type: Corporate
  • Headquarters: Hoofddorp, North Holland, Netherlands
  • Founded year: 1896
  • Headcount: 10001+
  • LinkedIn: shv-energy

SHV Energy is a corporate investor based in Hoofddorp, North Holland, Netherlands, specializing in energy distribution with a strong emphasis on off-grid energy solutions, including liquefied petroleum gas (LPG) and liquefied natural gas (LNG). Founded in 1896, the company serves over 26 million customers globally, providing cleaner energy alternatives for both residential and business applications. In 2017, SHV Energy made a significant acquisition by purchasing the propane businesses of American Midstream Partners for $170 million, which included Pinnacle Propane, LLC, Alliant Gas, LLC, and Pinnacle Propane Express, LLC. This acquisition expanded their footprint in the propane market, operating 40 service locations across more than 43 states. Their focus on sustainability and renewable energy solutions positions them as a key player in the energy transition, addressing the need for lower-carbon energy sources while also being involved in the distribution of fuels relevant to gas stations.


6. Kartesia

  • Website: kartesia.com
  • Type: Private Equity
  • Headquarters: Leudelange, Esch-Sur-Alzette, Luxembourg
  • Founded year: 2013
  • Headcount: 51-200
  • Number of deals in 2024: 5
  • LinkedIn: kartesia

Kartesia is a private equity firm based in Leudelange, Esch-Sur-Alzette, Luxembourg, founded in 2013. The firm specializes in private debt management, focusing on providing tailored financing solutions to lower mid-market companies across Europe. They offer various strategies, including credit opportunities and impact funds, primarily targeting businesses seeking flexible capital for growth and operational needs. Notably, Kartesia has been involved in significant transactions within the gas station context, such as leading a €52 million funding round for Aten Oil, a Spanish fuel retail business, in October 2017. This investment highlights their engagement in the gas station industry. Additionally, they participated in debt financing for MAIN Energie, further indicating their activity in sectors related to energy and fuel. Their diverse portfolio and willingness to invest in various industries, including gas stations, align with their mission to support businesses in need of capital.


7. Vtti


VTTI is a corporate investor based in Rotterdam, South Holland, Netherlands, specializing in energy storage and the development of critical energy infrastructure. Founded in 2006, VTTI operates globally with a focus on sustainable energy solutions aimed at supporting the transition to a carbon-neutral future. In 2024, VTTI made significant moves in the energy sector, including the acquisition of a 70% stake in the Adriatic LNG terminal, valued at approximately €800 million. This terminal has a regasification capacity of 9.6 billion cubic meters of natural gas per year, which is crucial for the supply chain of natural gas, a key fuel type for gas stations. Additionally, VTTI's investment in Wastefront for a tyre recycling plant indicates their commitment to sustainable energy practices, although this is less directly related to gas stations. Overall, VTTI's focus on energy infrastructure and their recent transactions position them as a relevant player in the gas station investment landscape.



Gas Station Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
CvcLuxembourg1001-5000200516
VitolRotterdam, South Holland, Netherlands1001-500019664
VopakRotterdam, South Holland, Netherlands5001-1000019991
Brabantse Ontwikkelings Maatschappij (BOM)Tilburg, North Brabant, Netherlands51-200198310
SHV EnergyHoofddorp, North Holland, Netherlands10001+18960
KartesiaLeudelange, Esch-Sur-Alzette, Luxembourg51-20020135
VttiRotterdam, South Holland, Netherlands1001-500020063


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