Shell Mobility Expands Retail Network with Acquisition of Brewer Oil Co.
**Shell Mobility Company Operations** is set to expand its retail network in the United States with the acquisition of Brewer Oil Co.’s 45-unit retail network in New Mexico. The deal includes convenience stores, cardlocks, and traditional fueling stations, as well as approximately 450 employees. This strategic move will serve as a stepping stone for Shell’s growth in the state.
This acquisition comes on the heels of Shell’s recent expansion in 2022, when it acquired 184 Timewise stations in Texas from the Landmark group of companies. Previously, Shell had a 50-50 joint venture, Texas Petroleum Group, with Landmark. When Shell bought out Landmark’s stake in the venture, it also gained ownership of the stores and dealer supply contracts.
With the Brewer acquisition, Shell aims to solidify its company-owned presence in the U.S. and capitalize on opportunities for retail growth in key markets. István Kapitány, executive vice president of Shell Mobility, expressed excitement about the deal, stating, “The acquisition of Brewer will strengthen our company-owned footprint in the U.S. as we continue to target opportunities for paced retail growth in key markets. Brewer’s expansive customer base and desirable locations will deliver immediate value as we strive to meet customers’ evolving needs and provide a premium refueling and retailing experience.”
The completion of the deal is expected by the end of the first quarter of this year, pending regulatory review and closing conditions. Shell’s strategic move signifies its commitment to enhancing its retail presence and meeting the evolving demands of its customers.
Analyst comment
Positive news. Shell’s acquisition of Brewer Oil Co.’s retail network in New Mexico will strengthen its company-owned presence in the US and solidify its position in key markets. This strategic move is expected to drive retail growth and meet the evolving needs of customers. The completion of the deal is expected by the end of Q1, pending regulatory review.
