NASHVILLE, Tenn.—Tri Star Energy, which owns and operates Twice Daily and Sudden Service convenience stores, on Friday said it has acquired Abbeville, Alabama-based Herndon Oil Corporation and its convenience retail brand Southern Traders.
The deal, whose terms weren’t disclosed, includes 13 Southern Traders convenience stores and the Shell-branded fuel distribution business of Herndon Oil Co.
“Herndon Oil is a well-established company whose reputation and core values align nicely with ours. They have great locations, many in areas where we do not currently operate,” said Steve Hostetter, CEO of Tri Star Energy. “Our combined companies will feature some of the best programs and operators in our region, allowing us to continue to grow and build the brand in the future.”
A long-term partner in the communities the company serves, Nashville-based Tri Star Energy is committed to cultivating local jobs, local causes, superior customer care and integrity across its retail and wholesale operations.
Locally owned and operated, Tri Star Energy’s newly combined roster includes more than 1,500 employees. The 21-year-old company operates retail convenience stores and premium coffee shops in five states, while operating wholesale and commercial fuel operations in 14 states.
The company also owns premium coffee brand White Bison Coffee, including locations in Middle Tennessee and North Alabama. Tri Star Energy has been recognized as one of Nashville’s Top Workplaces by The Tennessean in 2018, 2019, 2020 and in 2021 was named one of the Top 25 Largest Private Companies in Nashville in 2021 by the Nashville Business Journal.
Corner Capital advised Herndon Oil on this acquisition.
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