Shell to Acquire Tri Star Energy
The 320-store acquisition will more than double Shell’s U.S. company-owned convenience retail sites.
Sep 01, 2026 | 2 min read
On Tuesday, Equilon Enterprises LLC, doing business as Shell Oil Products US (Shell), announced it would acquire Nashville, Tennessee-based Tri Star Energy in a deal including 320 fuel and convenience retail sites in Tennessee and surrounding states, as well as supply agreements with 552 more dealer-owned locations. The acquisition will more than double Shell’s company-owned convenience retail sites in the U.S.
Shell previously held 33% equity in the company and will now be the full owner, buying the remaining interest from The Parman Corporation, Kimbro Oil Company, and their subsidiaries.
Once the acquisition is complete, Tri Star Energy will be operated by Texas Petroleum Group, LLC, a wholly owned subsidiary of Shell Mobility & Convenience US LLC (SMC). SMC’s portfolio will consist of nearly 550 company-owned convenience retail sites and supply agreements with approximately 650 dealer-owned sites across the southern U.S. Shell currently has 12,000 primarily wholesaler- and dealer-owned fuel and convenience retail sites across 49 states serving more than 7 million customers daily, the company said.
The deal is expected to be completed by the end of 2026, subject to regulatory clearance and the satisfaction of closing conditions.
“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 President of Downstream, Renewables and Energy Solutions, Shell plc. Machteld de Haan.
In other recent Tri Star Energy news, earlier this summer the company announced the migration of all three of its branded mobile apps (Twice Daily, Sudden Service and Little General) to Rovertown.
The retailer said the apps are powered by Rovertown, and feature mobile ordering, Rovertown price book offers and a Game Room designed to deepen customer engagement and drive repeat visits. An Employee Hub, complete with loyalty incentives, extends the platform’s capabilities beyond the guest experience and into team member engagement.
NACS also featured Tri Star Energy and its coffee brand, White Bison, located in its Twice Daily branded stores, in a 2025 Ideas 2 Go video.
Mergers and acquistitions
