Fuels

Shell Sells Seattle Sites

PacWest, Jacksons Food Stores buy 66 stores, supply rights to 31 more
MERIDIAN, Idaho -- Shell Oil Products US sold its convenience stores in the Seattle market to PacWest Energy LLC, a joint venture between Shell Oil and Jacksons Food Stores Inc.

PacWest Energy acquired 66 Shell-branded retail locations in the Seattle area last week, plus the right to supply an additional 31 Shell-branded retail locations owned by independent dealers in the Seattle area, according to a Shell spokesperson. The sites will continue to operate under the Shell brand and will continue to sell Shell-branded fuels.

Other terms of the deal, including price, [image-nocss] are confidential.

In 2005, Houston-based Shell Oil Products US announced its plan to transition its markets from a direct-delivered fuel model to a wholesale-delivered model. The deal with PacWest Energy is part of that plan. The changes are expected to be transparent to consumers and services are not interrupted, according to the Shell spokesperson.

In March, 2008, Shell Oil Products US transitioned ownership or supply of 84 branded sites to PacWest Energy LLC in the Portland, Ore., market. There, the sites continue to sell Shell-branded gasoline, although PacWest rebranded the convenience stores at 62 of the locations to the Jacksons brand. (Click here for previous CSP Daily News coverage.)

Based in Meridian, Idaho, PacWest Energy operates and supplies Shell-branded retail locations in the Portland, Ore., market. PacWest Energy executives were not available to discuss the deal as CSP Daily News went to press.

Since its founding with a single store in 1975, Jacksons has grown into a chain of more than 150 Chevron-, Texaco- and Shell-branded convenience stores and eight quick-serve restaurants in four western states. Jacksons Food Stores is a franchisee of Taco Time, Subway, A & W and Moxie Java. It is the sixth largest of Idaho's privately held corporations, according to the company's website.

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