In each of these markets, the acquisition would result in a merger to monopoly, the agency said. "As we navigate these store conversions, our priority will continue to rest in our guests and store teams. The companies did not disclose the purchase price for the acquisition or the terms of the agreement. With over three generations of geological and technical experience, Tri-Star actively explores for and unlocks new energy sources of oil, gas, and minerals. The purchase price and terms of the acquisition were not disclosed. Website Help At Tri Star Energy, we keep you moving so you can keep the community moving. Tri Star, based in Nashville, owns and operates retail convenience stores, premium coffee shops, commercial fuel programs, and wholesale fuel operations inTennessee, Kentucky, Georgia, North Carolina, Florida and Alabama. Tri Star sell Shell fuel, and has wholesale, retail, and commercial operations across the Mid-South. Tri Star Energy and Hollingsworth Oil Company have agreed to divest retail fuel assets to settle charges that Tri Star's proposed acquisition of certain assets from Hollingsworth would violate federal antitrust law. Tri Star Energy and Hollingsworth Oil, In the Matter of Tags: Energy Gasoline . Our mission is protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity. The Proposed Acquisition On March 6, 2020, Tri Star entered into an agreement to acquire certain retail fuel outlets and other interests, from Hollingsworth and related entities (the "Acquisition"). Tri Star Energy, the parent company of Twice Daily, Sudden Service and Southern Traders convenience stores, acquired Tenn.-based Hollingsworth Oil and its convenience retail brand Sudden Service in July 2020. JOHN R HOLLINGSWORTH Other Online Auctions at EquipmentFacts.com. The FTC determined that the deal would violate federal antitrust law, and Tri Star Energy, Hollingsworth Oil, C & H Properties and Ronald L. Hollingsworth have agreed to divest the assets, according to agency documents. Tri Star also supplies fuel to a network of 285 dealer locations. Our combined companies will have over 140 retail outlets and 450 dealers featuring some of the best programs and operators in our region. 117-44] hearing on national defense authorization act for fiscal year 2022 and oversight of previously authorized programs before the committee on armed services house of representatives one hundred seventeenth congress first session 117th congress (2021-2022) Members help make our journalism possible. The company agreed to sell retail fuel assets in Whites Creek and Greenbrier, Tenn., within 10 days after it completes its transaction with Hollingsworth. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. In the Matter of Tri Star Energy, LLC, a limited liability company; Hollingsworth Oil Company, Inc., a corporation; C & H Properties, a general partnership; and Mr. Ronald L. Hollingsworth, a natural person. On-demand labeling delivers more than convenience, How C-Stores Can Fight Inflation and Earn More with Higher Interest Rates, Upscaling security for self-service shopping. Tri Star Energy to acquire Hollingsworth Oil retail fuel assets Convenience Store News & Petroleum Tri Star Energy LLC can proceed with its proposed acquisition of certain retail fuel outlets and other assets from Hollingsworth Oil Co. after a ruling by the U.S. Federal Trade Commission (FTC) that requires Tri Star to divest an undisclosed . Get news highlights delivered directly to your e-mail inbox. Nashville.-based Tri Star Energy, which owns and operates Twice Daily convenience stores and supplies fuel to retail dealers across nine states in the Southeast, has acquired Springfield,. Get news highlights delivered directly to your e-mail inbox. Under the terms of the proposed consent order, Tri Star is required to divest to Cox Oil Company, Inc. retail fuel assets in Whites Creek and Greenbrier within 10 days after completing the acquisition. The deal gives. Message sent. Tri Star, a Nashville, Tennessee-based energy company, operates fuel outlets and convenience stores in four states, including Tennessee. Learn more about the suite of brands powered by Tri Star Energy. They have great locations, many in areas where we do not currently operate, said Steve Hostetter, CEO of Tri Star Energy. 703-684-3600 (Main Phone) Providing the highest-quality service and offerings has always been top of mind for us and will continue to stay a constant throughout this transition.". The transaction involved over 80 real property transfers and the acquisition of assets from multiple affiliated sellers, in the midst of the COVID-19 global pandemic. Commissioners Rebecca Kelly Slaughter and Christine S. Wilson did not participate. A Nashville-based gas station and coffee shop operator now owns a small chunk of land off Charlotte Avenue. Address:* Delivery Prohibition Start Date: 5/18/2016: City/State/Zip:*--City--ACKLEY ACKWORTH ADAIR ADEL AFTON AGENCY AINSWORTH AKRON ALBERT CITY ALBIA ALBION ALBURNETT ALDEN ALEX The complaint alleged that, without the remedy, the acquisition would substantially lessen competition for the retail sale of gasoline and diesel in Whites Creek and in Greenbrier. OF OPERATIONS (form 10-K), Verve Therapeutics Provides Pipeline Progress and Reports Fourth Quarter and Full Year 2022 Financial Results, Cerevel Therapeutics to Present at the 43rd Annual Cowen Health Care Conference, Neptune Wellness Solutions Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits (form 8-K), Beauty Health Co : Unregistered Sale of Equity Securities, Other Events (form 8-K), Vistagen Therapeutics, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), Rover Group, Inc. : Other Events, Financial Statements and Exhibits (form 8-K). Tri Star Energy, the parent company of Twice Daily, Sudden Service and Southern Traders convenience stores, acquired Tennessee-based Hollingsworth Oil and its convenience retail brand Sudden Service in July 2020. Tri Star Energy, LLC, Hollingsworth Oil Company, Inc., C & H Properties, and Ronald L. Hollingsworth, which operate fuel outlets and convenience stores, agreed to settle FTC charges that Tri Stars acquisition of retail outlets and related interests of Hollingsworth would violate antitrust law. Tri Star Energy, LLC, Hollingsworth Oil Company, Inc., C & H Properties, and Ronald L. Hollingsworth, which operate fuel outlets and convenience stores, agreed to settle FTC charges that Tri Star's acquisition of retail outlets and related interests of Hollingsworth would violate antitrust law. For the businesses and organizations that serve our community, slowing down isnt an option. Tri Star Energy will divest some assets to, Alimentation Couche-Tard Picks Up Big Red Stores, Yesway Boosts Footprint With New Locations & Acquisition Pact. Federal Trade Commission published this content on 14 August 2020 and is solely responsible for the information contained therein. They have great locations, many in areas where we do not currently operate, said Steve Hostetter, CEO of Tri Star Energy. NASHVILLE Tri Star Energy LLC can proceed with its proposed acquisition of certain retail fuel outlets and other assets from Hollingsworth Oil Co. after a ruling by the U.S. Federal Trade Commission (FTC) that requires Tri Star to divest an undisclosed number of outlets. Moving your business ahead. Limit one per transaction. The Sudden Service brand is well-known in the areas in which it operates, allowing us to continue to grow and build that brand in the future.. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media Privacy Policy | Advertising | About Us. Sign Up sub & a free drink Try the Club Sub Buy a club sub and get a 20oz fountain drink on us. Are You Providing Your Store Managers the Support They Need? Tri Star and Hollingsworth would be required to maintain the competitiveness of the divestiture assets during the divestiture process. An official website of the United States government. Strategic deals in 2022 included: Southwestern Energy Company's acquisition of Indigo Natural Resources LLC in a cash and stock transaction (upstream); the merger of Cimarex Energy Co and Cabot Oil & Gas Corp in an all-stock transaction (upstream); Crestwood Equity Partners LP's acquisition of Oasis Midstream Partners LP in an all-stock Our systems have a proven track record of efficiency, accuracy, and cost-effectiveness. Stop by ANY Sudden Service and register for your chance at Christmas Cash. Tri Star Energy acquired the "Sudden Service" chain of convenience stores as well as other retail and fuel businesses of Hollingsworth Oil. NASHVILLE, Tenn. Tri Star Energy cut the ribbon on a new Twice Daily convenience store located at 6029 Nolensville Road in Nashville, signaling the kickoff of a three-year plan for the retailer to convert all Sudden Service and Southern Traders c-stores to the Twice Daily banner throughout Tennessee and Alabama. Stephanie T. Nguyen, Chief Technology Officer, Competition and Consumer Protection Guidance Documents, HSR threshold adjustments and reportability for 2023, A Century of Technological Evolution at the Federal Trade Commission, FTC to Host Workshop on Recyclable Claims as Part of its Ongoing Review of the Agencys Green Guides, FTC at the 65th Annual Heard Museum Guild Indian Fair & Market - NCPW 2023, FTC Requires Divestitures as Condition of Tri Star Energy, LLCs Acquisition of Certain Assets of Hollingsworth Oil Company, Inc., C & H Properties, and Ronald L. Hollingsworth, Tri Star Energy and Hollingsworth Oil, In the Matter of. Tri Star Energy, the parent company of Twice Daily, Sudden Service and Southern Traders convenience stores, acquiredSpringfield, Tennessee-based Hollingsworth Oil and its convenience retail brand Sudden Service in July 2020. Learn about our fuel services and stations services for wholesalers and municipalities, our retail touch points. Hollingsworth, based in Springfield, Tennessee, also operates fuel outlets and convenience stores throughout middle Tennessee. According to the complaint, which was first announced in June,the proposed acquisition would harm competition for both retail gasoline and retail diesel in two local markets: Whites Creek, Tennessee and Greenbrier, Tennessee. tri - star energy llc. By combining, Holland & Knight and Waller now have nearly 2,000 attorneys with 35 offices across the U.S. and the globe. Fill out your name and number at the bottom of your receipt and drop it in the box located at the Coca Cola display. "One is a retail site in Whites Creek and the other is a dealer site in Greenbrier.". House Energy and Commerce: Related Items: Data will display when it becomes available. While supplies last. "This is a monumental moment for us," said Steve Hostetter, CEO of Tri Star Energy. Expires 2/28/23. Tri Star Energy and Nutrition | Lenoir City TN Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. Copyright 2023 Surperformance. Significant entry barriers include the availability of attractive real estate, the time and cost associated with constructing a new retail fuel outlet and the time associated with obtaining necessary permits and approvals.. Hollingsworth Oil is a well-established company whose core values align nicely with ours. Alexandria, VA 22314 Scott Garfinkel, with Raymond James, represented the seller. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. Get the latest business insights from Dun & Bradstreet. See auction date, current bid, equipment specs, and seller information for each lot. tri star energy inc. tri star energy llc. Tri Star Energy insights Based on 29 survey responses Areas for improvement Fair pay for job Sense of belonging Overall satisfaction Hit or miss Cashier/GSR (Former Employee) - Nashville, TN - October 20, 2022 Pretty easy work, can be fun at times but mostly I was working long hours for not enough pay. Under the proposed consent agreement, Tri Star would be required to divest to Cox Oil Company, Inc. retail fuel assets in Whites Creek and Greenbrier within 10 days after Tri Star completes the acquisition. Together, we will create new opportunities for our clients in the healthcare, financial services, private equity, real estate and other sectors. 2023 Tri Star Energy, LLC. 1740 Ed Temple Blvd., Nashville, TN 37208. Find company research, competitor information, contact details & financial data for Tri Star Energy, LLC of Nashville, TN. Our combined companies will have over 140 retail outlets and 450 dealers featuring some of the best programs and operators in our region. Under the terms of the proposed consent order, Tri Star will divest undisclosed retail fuel assets in Whites Creek and Greenbrier to Cox Oil Co. Inc., Union, Tenn., within 10 days after Tri Star completes the acquisition. The coolest thing-Jason Aldean will be live via livestream at 7pm. So stop in any Sudden Service and grab you a couple or more for this wonderful cause! Tri Star will sell two sites in order to acquire 53 Sudden Service retail stores. Founded in 2000, the company owns and operates Twice Daily convenience stores and supplies fuel to retail dealers across nine states in the Southeast. CSPs Top 202 details the largest chains in the convenience-store industry and the biggest M&A stories of the past year. Strategic leader, focussed on achieving business performance outcomes in complex organisations making significant contributions to the economy. Sign up here. Founded in 2000, the company owns and operates Twice Daily, Sudden Service and Southern Traders. Dec 01, 2021. Apr 29, 2021. Tristar - Energy Logistics Solutions provider based in UAE ABOUT TRISTAR Tristar is a fully integrated Energy Logistics business serving the downstream oil and gas industry. Tri Star Energy 2942 Maxey Rd Cedar Hill TN 37032 (615) 746-5263 Claim this business (615) 746-5263 Website More Directions Advertisement From the website: At Tri Star Energy, we keep you moving. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Read More. The Sudden Service brand is well-known in the areas in which it operates, allowing us to continue to grow and build that brand in the future.. Buy 1 20oz Get 1 for 1*. It also owns premium coffee brand White Bison Coffee, which includes locations throughout middle Tennessee and northern Alabama. Scott Garfinkel, with Raymond James, represented the seller. Tri Star Energy Acquires Hollingsworth Oil, Sudden Service Convenience Retailer Jul 08, 2020 Read More Tri Star Energy Acquires Hollingsworth Oil Jul 08, 2020 Read More Load More News Contact Privacy Policy 2023 Tri Star Energy, LLC. Sudden Service Convenience Stores: The products you want and the service you deserve. Sign up to receive texts from CSP on news and insights that matter to your brand. Tri Star Energy later acquired Abbeville, Alabama-based Herndon Oil Corporation and its retail brand Southern Traders in September 2021. The Federal Trade Commission works topromote competition, and protect and educate consumers. Copyright 2023 WTWH Media LLC. For more information about Tri Star Energy, visitwww.TriStarTN.com. Category sales performance in Beverages, Candy, General Merchandise, Packaged Food/Foodservice and Snacks. Were wholesale fuel distributors who understand your needs. Local Employee Honored With Patriotic Award. The complaint alleges that the proposed acquisition would harm competition for both retail gasoline sales and retail diesel fuel sales in the two local markets of Whites Creek, Tennessee and Greenbrier, Tennessee. This acquisition will add 53 locations in Kentucky and Tennessee to Tri Stars 89 stores in Tennessee, Alabama, Georgia and Kentucky. 10 Dos and Donts of Effective Checkout Queue Merchandising. TriStar Energy - A Hollingsworth Oil Company TriStar Energy Get Quote Call now Get directions Updates Testimonials About us Gallery Contact Sudden Service Convenience Stores A Hollingsworth Oil Company Opening at 7:00 AM on Monday Get Quote Updates Posted on Nov 24, 2020 Happy Thanksgiving from Sudden Service! We will give away $500 every October 31 is the last day to make donations to St. Jude through Sudden Service! We will give away $500 every Monday, Wednesday and Hello Christmas Cash! The site is secure. A range of grab-and-go snacks, including organic brands, to a selection of staple groceries; A fresh deli case that provides handmade and healthy options featuring fruits, sandwiches, salads and snacks; Freshly prepared breakfast and lunch sandwiches; and. tri star energy inc. tri - star energy. Tri Star Energy announced Tuesday it has acquired Springfield, Tennessee-based Hollingsworth Oil and its convenience retail brand Sudden Service for an undisclosed sum. Nashville, Tenn.-based Tri Star Energy one of the Mid-South's premier convenience retailershas acquired Springfield, Tenn.-based Hollingsworth Oil and its convenience retail brand Sudden Service. See All Brands. Locally owned and operated, Tri Star Energys newly combined roster includes more than 1500 employees. The 20-year-old company operates retail convenience stores, premium coffee shops, commercial fuel programs, and wholesale fuel operations in Tennessee, Kentucky, Georgia, North Carolina, Florida and Alabama. August 20, 2020. See how we can support you through our robust, customizable fuel programs and station services. tri star energy. When you step in to one of our convenience stores, you feel the difference. On August14, 2020, the Commission announced it had approved thefinal consent orderin this matter. Without the acquisition, Tri Star and Hollingsworth would continue to compete head to head in these local markets. Locally owned and operated, Tri Star Energys newly combined roster includes more than 1500 employees. We ask that all remittance be paid by September 15, 2022. "The Sudden Service and Southern Traders families that people have grown to know and love will stay the same, just with a new, elevated storefront and expanded product offerings to enjoy," he said. The acquisition will add 53 locations in Kentucky and Tennessee to Tri Stars 89 stores in Tennessee, Alabama, Georgia and Kentucky. On August 14, 2020, the Commission announced it had approved the final consent order in this matter. OF OPERATIONS (form 10-K), Proassurance Corp : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K), COMSCORE, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS Welcome to a deep dive into the c-store landscape. Our mission is protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity. Distributed by Public, unedited and unaltered, on 14 August 2020 18:02:08 UTC. Tri Star acquired Tennessee-based Hollingsworth Oil, which owned Sudden Service, in July 2020. A long-term partner in Mid-South communities, Tri Star is committed to cultivating local jobs, local causes, superior customer care and integrity across its commercial, wholesale and retail operations. The companies did not disclose the purchase price for the acquisition or the terms of the agreement. Posted on Nov 17, 2020 Page 1 of 1. About a year later, Tri Star acquired Abbeville, Alabama-based Herndon Oil Corp., which owned Southern Traders, in September 2021. Raymond James & Associates Inc., St. Petersburg, Fla., served as investment banking adviser to the seller. Commercial Fuels Newsletter, Growth Energy Energy Urges EPA to Examine Real-World Data on Ethanols Air Quality Benefits, Eastern Energy Expo 2020 Online Venue Registration Now Open, Weekly Energy Market Situation, March 27, 2017, Ryder Places First Medium-Duty Electric Vehicle Order with Chanje Energy and Begins to Roll Out Charging Stations, EIA: U.S. Refinery Capacity Reaches Record High at The Start of 2019. Learn more about your rights as a consumer and how to spot and avoid scams. Keep up with the latest Tri Star Energy happenings. 1600 Duke Street Search the Legal Library instead. Tri Star Energy will divest some assets to settle antitrust concerns with the Federal Trade Commission, as Convenience Store Newspreviously reported. Tri Star Energy paid $2.15 million for the 0.23 acres at 405 46th Ave. N., which. Proposes Dividend for the Year 2022, Trisura Group Ltd. Reports Earnings Results for the Full Year Ended December 31, 2022, TSX edges up at start of March as resource shares rally, Correction to Royal Bank of Canada Earnings Article, FTC Approves Final Order Imposing Conditions on Tri Star Energy, LLC's Acquisition of Certain Assets of Hollingsworth Oil Company, Inc., C & H Properties, and Ronald L. Hollingsworth, Agreement Containing Consent Orders (62.56 KB), Analysis of Agreement Containing Consent Orders to Aid Public Comment (47.2 KB), FTC Requires Divestitures as Condition of Tri Star Energy, LLC's Acquisition of Certain Assets of Hollingsworth Oil Company, Inc., C & H Properties, and Ronald L. Hollingsworth, Ritchie Bros Auctioneers Inc : Other Events, Financial Statements and Exhibits (form 8-K), MICROVISION, INC. 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