UNITED STATES OF AMERICA —Equilon Enterprises LLC, operating as Shell Oil Products US, has entered into a definitive agreement to acquire full ownership of Tri Star Energy LLC. Shell currently holds a 33% equity stake in the company and will acquire the remaining 67% interest from The Parman Corporation, Kimbro Oil Company, and their affiliated entities. The deal brings 320 fuel and convenience retail outlets primarily in Tennessee and adjacent southeastern states under direct corporate control, alongside supply agreements covering an additional 552 dealer-operated locations.
Shell Oil Products US is a primary operating entity of global energy company Shell plc, which maintains a network of approximately 12,000 branded fuel and convenience locations across 49 US states. Tri Star Energy is a Nashville-based fuel distributor and retail store operator focused on regional consumer markets in the southeastern US.
This strategic transaction reflects a targeted shift toward higher-margin downstream operations and company-owned retail channels. By converting majority retail volume into direct corporate ownership, Shell captures unified retail margins, streamlines product supply chains, and secures localized fuel distribution pipelines in rapid-growth metropolitan regions like Nashville. The integration will be managed through Texas Petroleum Group LLC, bringing Shell's US portfolio of company-owned convenience outlets to nearly 550 locations, complemented by supply contracts for roughly 650 dealer-managed sites.
The expansion reshapes competition within the US fuel and convenience store market, acceleration direct operator consolidation among major integrated energy companies. Major oil producers are increasingly reinvesting capital into high-volume consumer touchpoints and downstream retail infrastructure to maintain steady cash flow and capture premium non-fuel retail sales. The agreement remains subject to customary regulatory approvals and closing conditions, with final completion targeted by late 2026.
