Shell has signed an agreement to increase its equity from 33% to 100% in Tri Star Energy, LLC, a fuel distributor and convenience store operator 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.
"Tri Star has built a strong business with high-quality assets, a dedicated team and a loyal customer base. The transaction is fully aligned with our growth strategy to focus capital on businesses in which we have distinctive advantages and can create long-term shareholder value," said Machteld de Haan, President of Downstream, Renewables and Energy Solutions, Shell plc.
Shell already has the largest branded fuel network in the US, with approximately 12,000 primarily wholesaler- and dealer-owned fuel and convenience retail sites across 49 states serving more than 7 million customers daily. This acquisition significantly strengthens its company-owned presence in the US.
The deal is expected to be completed by the end of 2026, subject to regulatory clearance and the satisfaction of closing conditions.
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