Tri Star Energy LLC has nearly doubled its company-owned convenience stores and fuel centers with the purchase of 57 Scot Markets sites. As a result of the acquisition, Nashville-based Tri Star Energy will operate 120 sites in Tennessee and Kentucky, including 103 in Middle Tennessee.
Residents will see more yellow throughout the region as Tri Star Energy converts most of the 57 Scot Markets sites to the Shell brand. Some sites will keep the Scot Markets name, while others will be re-branded as Daily’s Convenience Stores. Tri Star Energy also distributes fuel to an additional 120 independent retailers in Tennessee.
“Scot Markets is a great locally-owned company with a name that’s trusted by customers,” said John Jewell III, CEO of Tri Star Energy. “We look forward to expanding the Shell and Daily’s brands while continuing the hometown tradition of Scot Markets.”
Tri Star Energy plans to absorb Scot Markets’ personnel into its workforce, which will grow the company’s employee base from approximately 500 to nearly 1,000, with 900 of those employees located in Middle Tennessee. The acquisition of ten Scot Markets sites in Kentucky and seven sites in East Tennessee represents Tri Star Energy’s first operations outside of Middle Tennessee.
“Tri Star Energy will continue to provide local customers with quality products, exceptional service and competitive prices under the Shell banner,” Jewell added. “Customers have a choice when they purchase gasoline and we intend to make Shell the brand of choice for motorists in the area.”