Shell Mobility Company Operations has announced the acquisition of the 45-unit retail network of a long-time Shell wholesaler in New Mexico. This strategic move is set to create growth opportunities for Shell in the state, with the inclusion of convenience stores, cardlocks, traditional fueling stations, and approximately 450 employees. The purchase further solidifies Shell’s commitment to expanding its retail presence in the United States.
Strengthening Shell’s U.S. footprint
In 2022, Shell launched its own retail network by acquiring 184 company-owned Timewise stations across Texas from the Landmark group of companies. This venture was part of a 50-50 joint enterprise called Texas Petroleum Group. As Shell bought out Landmark’s stake in the venture, it gained ownership of the stores and dealer supply contracts. Now, with the acquisition of Brewer Oil Co.’s retail division, Shell aims to strengthen its company-owned footprint in the U.S. and strategically pursue opportunities for paced retail growth in key markets.
Meeting evolving customer needs
István Kapitány, Executive Vice President of Shell Mobility, believes that the acquisition of Brewer will deliver immediate value to Shell’s operations. The expansion will allow Shell to better meet customers’ evolving needs and provide a premium refueling and retailing experience. Brewer’s extensive customer base and desirable locations align perfectly with Shell’s dedication to customer satisfaction.
Completion expected by end of first quarter
The deal between Shell Mobility Company Operations and Brewer Oil Co.’s retail division is anticipated to be completed by the end of the first quarter of this year. However, it is subject to regulatory review and closing conditions, as indicated in the news release.
