Shell has agreed to increase its stake in US convenience store operator and fuel distributor Tri Star Energy from 33 per cent to 100 per cent, strengthening its company-owned retail presence in the southeastern US, particularly around Nashville.

The acquisition will give Shell full ownership of an additional 320 fuel and convenience retail sites across Tennessee and neighbouring states, alongside supply agreements covering a further 552 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 operates the largest branded fuel network in the US, with around 12,000 primarily wholesaler- and dealer-owned fuel and convenience sites across 49 states, serving more than seven million customers daily.

The transaction supports Shell’s strategy of directing capital toward higher-return businesses and markets where it has competitive advantages.

The company said 80 per cent of growth cash capital expenditure in its Mobility & Convenience business will be allocated to 10 key markets, including the US.

Shell said the acquisition will significantly expand its company-owned US operations while reinforcing its presence in the mobility and convenience retail sector.

Completion is expected by the end of 2026, subject to regulatory approvals and other closing conditions. -OGN/TradeArabia News Service