Shell to Acquire Full Ownership of Tri Star Energy in U.S.
Royal Dutch Shell has agreed to acquire full ownership of Tri Star Energy, a convenience store operator and fuel distributor based in the United States. The deal will increase its stake from 33% to 100%, adding over 870 retail locations across Tennessee and surrounding states—nearly doubling its company-owned footprint in the U.S. The acquisition includes both direct ownership of 320 sites as well as supply agreements for an additional 552 dealer-operated stations. The transaction is expected to close by year-end, pending regulatory approval. Shell has been expanding its retail presence through a series of acquisitions over recent years and plans to integrate Tri Star under the Texas Petroleum Group. This move aligns with Shell's broader strategy focused on high-growth markets like convenience retail in the U.S., where it already operates around 12,000 branded sites. The deal is expected to deliver an internal rate of return above its hurdle rate for marketing operations.
Tickers: $SHEL
Topics: convenience stores energy retail expansion