Operating Company Energy

Shell USA

Houston, Texas, United States

Shell USA, Inc. is the Shell organization in the United States, operating downstream energy and mobility businesses including fuel retailing and growth areas such as EV charging and related digital/advertising services.

Focus Areas
Electric vehicle (EV) charging, Digital out-of-home (DOOH) advertising/media, EV charging infrastructure
Website
www.shell.us

Tracked deals

5

5 tracked deals across 2022-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

3 buyout · 1 divestiture · 1 growth capital

Shell USA Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Shell USA. 2 2022 1 2023 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Shell Acquires Remaining Stake in Tri Star Energy, Adds 320 Fuel and Convenience Retail Sites
    September 1, 2026
    Buyer
    Shell
    Target
    Tri Star Energy
    Seller
    The Parman Corporation, Kimbro Oil Company
    Industry
    Oil & Gas
    Location
    Tennessee, United States
    Type
    Buyout

    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.

  • True North Energy Acquires 15 Wagner Shell Convenience Stores
    August 29, 2024
    Buyer
    True North Energy LLC, Shell Oil Co.
    Target
    Wagner Shell Co. / Wagner Oil (15 convenience retailing and petroleum marketing assets)
    Seller
    Mellissa Wagner and family, Wagner Shell Co.
    Industry
    Retail
    Location
    Wisconsin, United States
    Type
    Divestiture

    True North Energy LLC, a joint venture between the Lyden family and Shell Oil Co., has acquired 15 fee-owned convenience retailing and petroleum marketing assets from Wagner Shell Co./Wagner Oil in the Green Bay, Wisconsin market. The stores — previously owned and operated by Mellissa Wagner and family — will be reimaged to the truenorth brand and continue selling Shell fuel while expanding True North's Wisconsin footprint.

  • Shell USA, Inc. Acquires Volta Inc.
    March 31, 2023
    Buyer
    Shell USA, Inc., Shell plc
    Target
    Volta Inc.
    Seller
    Volta stockholders
    Industry
    Energy
    Location
    California, United States
    Type
    Buyout

    Shell USA, Inc., a subsidiary of Shell plc, has completed the all-cash acquisition of Volta Inc., adding Volta’s EV charging and digital out-of-home media network to Shell’s mobility business. The deal, approved by Volta stockholders and cleared by regulators, transfers Volta’s charging-and-media operations into Shell’s U.S. mobility organization.

  • Pennzoil-Quaker State (SOPUS Products) / Shell Acquires TFH Reliability Group (Allied Reliability)
    December 22, 2022
    Buyer
    Pennzoil-Quaker State Company (d/b/a SOPUS Products), a subsidiary of Shell USA, Inc. (Shell), Shell USA, Inc.
    Target
    TFH Reliability Group, LLC (parent of Allied Reliability, Inc.), Allied Reliability, Inc.
    Seller
    Capstreet
    Industry
    Industrial Services
    Location
    Texas, United States
    Type
    Buyout

    Pennzoil-Quaker State Company d/b/a SOPUS Products, a subsidiary of Shell USA, Inc., has acquired 100% of TFH Reliability Group, LLC, the parent company of Allied Reliability, to expand Shell's North American lubricants business with industrial services and predictive maintenance capabilities. The seller was Capstreet, the private equity owner of TFH/Allied Reliability; the transaction was signed and closed simultaneously.

  • Accel-KKR Leads Growth Investment in Masabi
    March 3, 2022
    Buyer
    Accel-KKR, Shell, Smedvig Capital
    Target
    Masabi
    Industry
    Cloud & SaaS
    Location
    United Kingdom
    Type
    Growth capital

    Accel-KKR has made a strategic growth investment in Masabi to accelerate product development and expand deployments of its Justride Fare Payments-as-a-Service platform globally. Existing investors Shell and Smedvig Capital also participated in the round to support Masabi's continued geographic expansion and platform innovation.

Related Acquisition Pages

Cloud & SaaS Buyers & Acquisitions 1 tracked deal by Shell USA. Energy Buyers & Acquisitions 1 tracked deal by Shell USA. Industrial Services Buyers & Acquisitions 1 tracked deal by Shell USA. Oil & Gas Buyers & Acquisitions 1 tracked deal by Shell USA. Acquisitions in California 1 tracked deal by Shell USA. Acquisitions in Tennessee 1 tracked deal by Shell USA. Acquisitions in Texas 1 tracked deal by Shell USA. Acquisitions in Wisconsin 1 tracked deal by Shell USA.

Related articles

Selling a company? Get in front of buyers like Shell USA

Turn tracked acquisition activity into an outreach-ready buyer list.

Find buyers like these →