Shell announced on Tuesday that it will move to full ownership of Tri Star Energy, a U.S.-based operator of convenience stores and fuel distribution. The company did not reveal the price or other financial details attached to the transaction.
Under the agreement, Shell will add 320 fuel and convenience retail locations located in Tennessee and adjoining states to its existing U.S. retail network. The acquisition also encompasses supply agreements that cover 552 dealer-owned locations, extending Shell's commercial arrangements beyond the sites it will directly own.
Shell already maintains a sizable U.S. footprint, operating about 12,000 wholesaler- and dealer-owned fuel and convenience retail sites across 49 states. Prior to this deal, the company owned a 33% stake in Tri Star Energy; the current agreement moves Shell to full ownership.
The sellers in the transaction are The Parman Corporation, Kimbro Oil Company and their related units, which will divest the remaining interest to Shell. The companies involved did not provide additional operational or contractual details beyond the core elements of the deal.
Shell indicated that the transaction is expected to be completed by the end of 2026. Until closing, the parties have not disclosed further information on the timing of integration, any transitional arrangements, or financial terms of the purchase.
This transaction increases the number of retail sites under Shell's direct control in the United States and formalizes its supply relationships with a larger set of dealer-owned locations. The explicit details released by Shell are limited to the number of sites included, the seller identities, Shell's existing minority stake, and the projected closing timeframe.
Contextual note: The facts presented here reflect only the information announced as part of Shell's statement. No financial terms were provided, and the closing is described as expected to occur by the end of 2026.