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HOUSTON -- Motiva Enterprises LLC is transferring 55 active service stations and one surplus property, as well as its interest in supply agreements with certain Texaco and Shell-branded retailers, to The Wills Group Inc. These assets are located in Virginia in the Richmond and Tidewater markets.
The Wills Group's subsidiary, Southern Maryland Oil Co. (SMO), has been a Texaco/Shell branded wholesaler for over 75 years. SMO currently has more than 200 retail sites, located primarily in Maryland and Delaware.
Russell Caplan, vice president of Motiva, said, "Motiva believes this agreement offers the best potential to grow the Shell brand in this marketplace. The Wills Group is a premier marketer and we look forward to our continued relationship with them."
"We are excited to enter into the Virginia markets as a Shell marketer," said J. B. Wills, president of The Wills Group. "We're pleased to have this opportunity to substantially grow our business. This acquisition will greatly enhance our gasoline and our Dash In Food Stores convenience franchise businesses. SMO is a dealer-focused organization and we look forward to working with the quality retailers in this market."