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The Earth Times: Motiva Transitions Dallas-Fort Worth Shell Branded Stations to Quik Way Retail Associates

Posted : Mon, 25 Feb 2008 14:05:38 GMT
Author : Shell Oil Company 
Category : PressRelease 
 
HOUSTON, Feb. 25 /PRNewswire/ — Motiva Enterprises LLC (Motiva), the company that refines and markets gasoline in the eastern and southern United States, today announced that Quik Way Retail Associates II, Ltd. (Quik Way Retail Associates), will acquire Motiva’s interest in 86 Shell-branded stations in the Dallas-Fort Worth area.

Quik Way Retail Associates will lease 27 of these locations to 7-Eleven, Inc., and the convenience stores at these locations will be re-branded to the 7-Eleven(R) brand. All 86 sites, including those leased to 7-Eleven, will continue to sell gasoline under the Shell brand.

“The purchase of these stations complements our existing network well, and gives us the opportunity to serve even more customers throughout the Dallas- Fort Worth area,” said Alan Golman, principal, Quik Way Retail Associates. “As with all our locations, we look forward to providing our customers with high-quality fuels and great service at these sites. Additionally, bringing together the Shell brand with the 7-Eleven brand will create a strong offer that attracts new customers.”

Quik Way Retail Associates is a limited partnership formed by principals of Dallas-based firms Quik Way Group and the Brubeck Company. Together the principals have extensive experience in real estate development and the operation of convenience stores and gasoline stations throughout Texas, including 28 Shell-branded service stations in the Dallas-Fort Worth area.

“With nearly five decades of experience, Quik Way Group has a long history of operational expertise in the retail fuels industry and a reputation for delivering excellent customer service,” said Paul Stanifer, South Region general manager for Motiva. “They will help strengthen and grow the Motiva retail network in the Dallas-Fort Worth area.”

This divestment is in line with Motiva’s publicly stated intent to transition company-owned retail assets to wholesale-supplied locations, in an effort to grow the Shell brand in the U.S. and improve the sustainability of the network in the long term. According to a confidentiality agreement between the parties, the purchase prices cannot be disclosed.

Local consumers can take advantage of rebates on quality Shell fuels by calling 1-877-MY-SHELL or logging onto http://www.877myshell.com/ to apply for the Shell Platinum MasterCard(R) from Citi Cards. The Shell MasterCard currently offers one of the best rebate programs in the industry with a 5 percent rebate on Shell quality fuels and a 1 percent rebate on retail purchases anywhere the card is used.

Motiva Enterprises LLC refines and markets branded products through more than 8,000 branded stations in the Eastern and Southern United States. Shell Oil Company is a 50 percent owner of Motiva Enterprises LLC, along with Saudi Refining, Inc. There are more than 14,000 Shell branded stations in the U.S.

Quik Way Retail Associates II, Ltd., is a limited partnership formed by principals of Quik Way Group and the Brubeck Company. Founded in 1960, Quik Way Group operates 65 convenience stores, of which 60 are also gasoline stations. In addition, Quik Way Group supplies about 85 million gallons of gasoline annually to dealers throughout Texas. Founded in 1972, the Brubeck Company is a commercial real estate development and management firm, which specializes in shopping centers, apartment complexes and office buildings. Both Quik Way Group and the Brubeck Company are based in Dallas.

Shell Oil Company 

http://www.earthtimes.org/articles/show/motiva-transitions-dallas-fort-worth-shell-branded-stations-to-quik-way,290343.shtml

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