FuelCo Group to Acquire 150 Shell Locations
NEW YORK -- Approximately 150 Shell stations in New York are set to be sold to Fuelco Group, a Shell jobber owned by Sammy Mussa, reported Oil Express.
Fuelco Group is expected to assume the existing supply contract with Motiva, Shell’s East Coast marketing arm. The stations sell roughly 200 million gallons per year.
Oil Express reported the units are a mix of lessee and open dealer locations and multi-site operators, and are located in New York City and Long Island. Mussa is expected to sign a 20-year supply contract with Motiva.
Earlier this year, Mussa acquired 22 Shell sites in Fairfield County, Conn. Mussa used Wholesale Fuel Distributors to handle the aforementioned deal as the company recently hired marketing manager Ed Kielkucki, who spent 30 years in Shell’s marketing department.
In other Shell news, an under-the-radar deal resulted in the purchase of the Shell Station on Nellis Boulevard in North Las Vegas for $2 million, reported CoStar Group.
Formerly a Zak’s Mini Mart, Green Valley Grocery will operate the 3,109-square-foot convenience store under its brand.
The CoStar Group reported the property was never on the market and the sale was privately handled.
Fuelco Group is expected to assume the existing supply contract with Motiva, Shell’s East Coast marketing arm. The stations sell roughly 200 million gallons per year.
Oil Express reported the units are a mix of lessee and open dealer locations and multi-site operators, and are located in New York City and Long Island. Mussa is expected to sign a 20-year supply contract with Motiva.
Earlier this year, Mussa acquired 22 Shell sites in Fairfield County, Conn. Mussa used Wholesale Fuel Distributors to handle the aforementioned deal as the company recently hired marketing manager Ed Kielkucki, who spent 30 years in Shell’s marketing department.
In other Shell news, an under-the-radar deal resulted in the purchase of the Shell Station on Nellis Boulevard in North Las Vegas for $2 million, reported CoStar Group.
Formerly a Zak’s Mini Mart, Green Valley Grocery will operate the 3,109-square-foot convenience store under its brand.
The CoStar Group reported the property was never on the market and the sale was privately handled.