What does Shell's acquisition of the remaining stake in Tri Star Energy mean for its U.S. retail footprint?

Shell will gain full ownership of 320 additional fuel and convenience retail sites in Tennessee and surrounding states, and secure supply agreements with 552 more dealer-owned locations, expanding its presence across 49 U.S. states where it already operates about 12,000 wholesaler- and dealer-owned fuel and convenience retail sites.

Who are the sellers of the remaining stake in Tri Star Energy, and what was Shell's prior ownership position?

Shell, which already owned a 33% stake in Tri Star Energy, is acquiring the remaining stake from The Parman Corporation, Kimbro Oil Company, and their units; financial terms were not disclosed, and the deal is expected to close by the end of 2026.

Shell Deepens US Convenience Retail Push with Tri Star Energy Deal

Sep 1, 2026

Shell acquires full ownership of Tri Star Energy, expanding its US fuel and convenience retail footprint with 320 new sites and 552 dealer supply agreements by end of 2026.

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