Shell Acquires Remaining Stake in Tri Star Energy, Adds 320 Fuel and Convenience Retail Sites

September 1, 2026

Shell has signed an agreement to acquire the remaining 67% interest in Tri Star Energy, increasing its ownership to 100%. The deal will add 320 company-owned fuel and convenience retail locations across Tennessee and neighboring states, with additional supply agreements covering 552 dealer-owned sites.

Buyers
Shell
Targets
Tri Star Energy
Sellers
The Parman Corporation, Kimbro Oil Company
Industry
Oil & Gas
Location
Tennessee, United States
Transaction Type
Buyout

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