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Shell Acquires Tri Star Energy in Undisclosed Deal

Shell Acquires Tri Star Energy in Undisclosed Deal

AcquisitionRetailUS

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Acquired

Tri Star Energy

United StatesRetail

Undisclosed amount

September 1, 2026

Shell logo
Acquirer

Shell

Oil and Gas

Shell has acquired Tri Star Energy, a Nashville-based convenience store and fuel operator, for an undisclosed amount. The deal brings Tri Star’s portfolio of Twice Daily convenience stores, White Bison coffee shops, and its Commercial & Wholesale fuel division under Shell’s global retail network. Tri Star will continue to operate under its existing brand names, with its local leadership team remaining in place to manage day-to-day operations.

Tri Star Energy is a locally owned and operated business with deep roots in Middle Tennessee, where it has built a reputation for community involvement and employee-focused practices. The company was ranked the eighth best big company to work for in Nashville by the Tennessean in 2018, and it emphasizes servant leadership, clear career paths, and inclusive workplace culture. Its retail and wholesale fuel operations serve a regional customer base, with a stated vision of becoming the Mid-South’s premier convenience retailer.

For Shell, the acquisition strengthens its presence in the southeastern United States, particularly in the growing Nashville market. Tri Star’s established store network and local brand loyalty offer Shell a ready-made platform to expand its convenience retail and mobility offerings. The deal also aligns with Shell’s broader strategy to grow non-fuel revenue streams, such as food and coffee, through its retail sites. Tri Star’s White Bison coffee shops and Twice Daily stores provide a differentiated customer experience that complements Shell’s existing fuel and convenience operations.

The transaction is expected to close following customary regulatory approvals. Once completed, Tri Star’s operations will be integrated into Shell’s retail division, though the company’s local management and community-focused approach are expected to remain intact. The combined entity will aim to leverage Shell’s supply chain and digital capabilities while preserving Tri Star’s regional identity and employee culture. Both companies have indicated that the deal will support continued growth in the Mid-South, with no immediate changes planned for store operations or staffing.

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Shell Acquires Tri Star Energy in Undisclosed Deal | M&A News | Signalbase