Shell Acquires Full Ownership of Tri Star Energy
Equilon Enterprises LLC, operating as Shell Oil Products US, has announced it will increase its equity stake in Tri Star Energy from 33% to 100%, acquiring full control over the convenience retail chain. This move includes taking ownership of 320 fuel and c-store locations across Tennessee and surrounding states, along with supply agreements for an additional 552 dealer-owned sites. The acquisition is part of Shell's broader strategy to focus capital on high-performing markets where it has competitive advantages. The deal will be managed by Texas Petroleum Group, a subsidiary of Shell Mobility & Convenience US. Once completed, the company’s portfolio in the southern U.S. will include nearly 550 owned sites and supply agreements with around 650 dealer-owned locations. The transaction is expected to close before year-end 2026 but no purchase price was disclosed. Tri Star Energy, founded in 2000, operates under banners such as Twice Daily, Sudden Service, Little General, and the White Bison coffee chain. Kimbro Oil Company will acquire Tri Star’s commercial fuel business separately.
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