Shell Acquires Full Ownership of Tri Star Energy and Adds 320 Sites
Shell (SHEL) has signed an agreement to acquire the remaining stake in Tri Star Energy, increasing its ownership from 33% to 100%. This move will add approximately 320 company-owned fuel and convenience locations across Tennessee and neighboring states. The deal also includes supply agreements with 552 dealer-owned sites. Upon completion by late 2026, Shell's U.S. Mobility & Convenience portfolio is expected to include nearly 550 owned stores and around 650 dealer-supplied locations. The acquisition aligns with Shell’s strategy of expanding its company-operated convenience retail footprint in the United States. Tri Star Energy operates under regional banners such as Twice Daily, Sudden Service, Little General, and White Bison coffee shops within some Twice Daily outlets. The deal supports diversification beyond fuel margins through merchandise sales, prepared food, and beverages. Despite strategic clarity, financial details remain undisclosed, including purchase price, EBITDA figures, expected cash flow, capital needs, or synergy assumptions. Shell stated the projected internal rate of return exceeds its hurdle rate but did not specify what that threshold is.
Tickers: $SHEL