Shell acquires 45 convenience stores in New Mexico
Shell Mobility Company Operations LLC (Shell), announced it has signed an agreement to acquire 45 fuel and convenience store sites in New Mexico through the acquisition of Brewer Oil Company’s (BOC) retail division.
Shell will acquire 45 BOC sites in New Mexico, comprised of convenience stores, cardlocks for fleet vehicles, and traditional fueling stations.
The acquisition means that the nearly 450 BOC employees will join Shell, providing the foundation for Shell's retail footprint in New Mexico, according to a Shell press release announcing the acquisition.
The release added that “this acquisition will be Shell’s first operated retail presence in New Mexico, complementing Shell’s company-owned footprint in the U.S., where it owns and operates nearly 200 convenience retail sites. In the U.S., Shell serves around 8 million customers per day with a brand presence at approximately 12,000 fueling stations across 49 states.”
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“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,” said István Kapitány, executive vice-president, Shell Mobility. “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.”
Subject to regulatory clearance and the satisfaction of closing conditions, the deal is expected to be completed by the end of the first quarter of 2024.
