Shell has agreed to terms on the acquisition of 45 fuel and c-store sites from Brewer Oil Co.’s (BOC), a company that has acted as a Shell wholesaler since the 70's. The stores are located throughout New Mexico.
“The acquisition of Brewer will strengthen our company-owned footprint in the U.S. as we continue to target opportunities for paced retail growth in key markets,” said István Kapitány, executive vice president, Shell Mobility. “Brewer’s expansive customer base and desirable locations will deliver immediate value as we strive to meet customers’ evolving needs and provide a premium refueling and retailing experience.”
The deal is expected to close by the end of the first quarter of 2024.
The acquisition includes 45 BOC sites, comprised of convenience stores, cardlocks for fleet vehicles and traditional fueling stations. Shell will gain roughly 450 employees through the transaction.
This acquisition will be Shell’s first operated retail presence in New Mexico, complementing Shell’s company-owned footprint in the U.S., where it owns and operates nearly 200 convenience retail sites.
The news of the acquisition comes on the heels of Shell’s quarterly financial report, which showed the company performed strongly in the fourth quarter of 2023.
Full story Shell to Acquire 45 Sites From Brewer Oil Co. - CStore Decisions
Share this:
