Shell Oil Products US, closed on a deal to transition ownership of 84 branded sites to PacWest Energy LLC, a joint venture formed between Shell and Jacksons Food Stores Inc., a Meridian, Idaho-based Shell-branded wholesaler. The sites will continue to sell Shell-branded gasoline, although PacWest will rebrand the stores at 62 of these locations to the Jacksons brand.
"We look forward to meeting the needs of the residents of Portland, and to providing them with great service and quality Shell gasoline," said John Jackson, president of Jacksons Food Stores Inc. "We anticipate the combined power of the Shell and Jacksons brands will serve to attract new customers throughout the region."
Jacksons Food Stores was founded in 1975 as a single service station and has grown into a multi-state chain of over 100 convenience stores and 10 QSRs in four western states.
"With a strong, well-known retail brand and a reputation for excellent customer service, Jacksons Food Stores will help to strengthen the Shell retail network in the Pacific Northwest," said Bill Spurgeon, west region general manager for Shell. "Transitioning these sites will allow us to focus on delivering the quality fuels motorists expect from Shell."
This divestment is in line with Shell’s publicly stated intent to transition retail assets to joint venture and wholesale operations, in order to move toward its vision of becoming the best fuels retailer in the world. According to a confidentiality agreement between the parties, the purchase prices cannot be disclosed.
