Shell to Double U.S. Retail Network With Tri-Star Deal
9/01 2:41 PM
Shell to Double U.S. Retail Network With Tri-Star Deal
SECAUCUS, NJ (DTN) - Shell announced Tuesday (9/1) it will more than double
its network of U.S. convenience stores with the acquisition of Tri Star Energy.
The expansion was made possible by a 100% widening of the stake held in Tri
Star by Equilon Enterprises, which operates as Shell Oil Products U.S., a Shell
statement said.
Equilon previously owned 33% of Tri Star, a Nashville-based convenience
store operator and fuel distributor operating across the southeastern United
States.
"The acquisition makes Shell the full owner of an additional 320 fuel and
convenience retail sites in Tennessee and surrounding states, as well as supply
agreements with 552 more dealer-owned locations," the statement added.
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