Shell announced that 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. The acquisition will also include cardlocks for fleet vehicles.
This acquisition marks Shell’s entrance into New Mexico’s retail presence. The 45 fuel and convenience stores will join Shell’s company-owned footprint in the United States, where it owns and operates nearly 200 convenience retail sites.
“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.”
According to a statement from the company, BOC and Shell have had a long-tenured relationship, with BOC acting as a Shell wholesaler since the 1970s. Through the acquisition, approximately 450 BOC employees will join Shell, acting as the foundation for Shell’s retail footprint in New Mexico, the company said.
In the United States, Shell serves around 8 million customers per day with a brand presence at approximately 12,000 fueling stations across 49 states.