Shell to Acquire Tri Star Energy
Shell Oil Products US, also known as Equilon Enterprises LLC, has signed an agreement to acquire Tri Star Energy LLC, increasing its equity from 33% to 100%. This acquisition is expected to be finalized by the end of 2026, pending regulatory approval.
Key Details:
- Tri Star Energy is based in Nashville and operates convenience-store brands such as Twice Daily, Sudden Service, and Little General. The company is also a fuel distributor across the southeastern U.S.
- Once the acquisition is complete, Tri Star will be operated by Texas Petroleum Group LLC, a subsidiary of Shell Mobility & Convenience US LLC (SMC), resulting in approximately 550 company-owned convenience retail sites.
- Shell aims to strengthen its presence in the U.S. convenience retail market, gaining an additional 320 fuel and retail sites and supply agreements with 552 dealer-owned locations.
Strategic Growth:
- Machteld de Haan, president of Shell’s downstream, renewables, and energy solutions, stated, “The acquisition aligns with our growth strategy to focus on businesses where we can create long-term shareholder value.”
- This investment supports Shell’s plan to target markets where it sees strong performance and competitive advantages.
Background Information:
- Shell operates the largest branded fuel network in the U.S. with about 12,000 retail sites, serving over 7 million customers daily.
- The acquisition is in line with Shell’s strategy to invest in high-return areas, with a focus on ten key markets, including the U.S.
For further details, CSP has reached out to Shell but has yet to receive a response.
