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Shell Buys Full Control of US Convenience Chain
2 Sep
Summary
- Shell will fully own 320 more retail sites.
- The deal includes supply agreements for 552 dealer-owned locations.
- The acquisition is expected to be completed by the end of 2026.
British oil and gas major Shell is set to acquire full ownership of Tri Star Energy, a U.S.-based operator of convenience stores and fuel distributor. This acquisition represents a significant expansion of Shell's presence in the United States' retail sector.
The deal grants Shell complete control over an additional 320 fuel and convenience retail sites located in Tennessee and adjacent states. Furthermore, Shell will establish supply agreements with 552 dealer-owned locations, broadening its network. Shell already held a 33% stake in Tri Star Energy.
Shell is finalizing the purchase of the remaining stake from The Parman Corporation, Kimbro Oil Company, and their associated entities. While financial details of the transaction have not been disclosed, the acquisition is projected to be finalized by the close of 2026. This move underscores Shell's ongoing strategy to deepen its engagement with the U.S. retail market.
