Hollingsworth, based in Springfield, Tennessee, also operates fuel outlets and convenience stores throughout middle Tennessee. See if you qualify for a free subscription to our industry leading paper magazine. 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.". 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. Without the acquisition, Tri Star and Hollingsworth would continue to compete head to head in these local markets. 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. The three-year plan will see all Sudden Service and Southern Traders c-stores converted to the Twice Daily banner. 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. Nashville-based Tri Star Energy owns and operates the Twice Daily, Sudden Service and Southern Traders convenience store brands, and supplies fuel to wholesale trade channels in 17 states. Founded in 2000, the company owns and operates Twice Daily, Sudden Service and Southern Traders. The .gov means its official. Tri Star, a Nashville, Tennessee-based energy company, operates fuel outlets and convenience stores in four states, including Tennessee. 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. Tri Star Energy will divest some assets to settle antitrust concerns with the Federal Trade Commission, as Convenience Store Newspreviously reported. Freehold Properties forms real estate investment trust Represented Freehold Properties, Inc. in corporate and securities matters related to the Sep 15, 2021. Founded in 2000, the company owns and operates Twice Daily convenience stores and supplies fuel to retail dealers across nine states in the Southeast. 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. Posted on Nov 17, 2020 Represented Hollingsworth Oil Company, Inc. (HOC), and related parties in a merger investigation, which resulted in a negotiated consent order with the FTC to divest certain retail fuel assets that were part of a transaction between HOC and Tri Star Energy, LLC (Tri . 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. Are You Providing Your Store Managers the Support They Need? The twenty-year-old company operates retail convenience stores, premium coffee shops, commercial fuel programs, and wholesale fuel operations inTennessee, Kentucky, Georgia, North Carolina, Florida and Alabama. Tri Star Energy corporate office is located in 1740 Ed Temple Blvd, Nashville, Tennessee, 37208, United States and has 385 employees. How do you enter? 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) House Energy and Commerce: Related Items: Data will display when it becomes available. Looking for legal documents or records? Before sharing sensitive information, make sure youre on a federal government site. Website Help Search the Legal Library instead. The process is the company's most significant expansion plans to date. Tri Star Energy is one of the Mid-Souths premier convenience retailers. Under the terms of the proposed consent order, Tri Star will divest undisclosed retail fuel assets in Whites Creek and Greenbrier to, Alimentation Couche-Tard to Acquire Big Red Stores, bp Leans Into Retail, Alternative Energy With Deal to Buy TravelCenters of America. Tri Star Energy paid $2.15 million for the 0.23 acres at 405 46th Ave. N., which. www.convenience.org, Retailer-Marketer Newsletter In addition to traditional convenience items, Twice Daily's offerings include: Guests can also enjoy discounted items and limited-time offers exclusively available through the brand's loyalty program, Twice Daily Rewards. Our systems have a proven track record of efficiency, accuracy, and cost-effectiveness. 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. The Commission vote to approve the final order was 3-0-2. "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. 1. 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 . Stop by ANY Sudden Service and register for your chance at Christmas Cash. When you step in to one of our convenience stores, you feel the difference. An official website of the United States government. Read More. Learn about our fuel services and stations services for wholesalers and municipalities, our retail touch points. While supplies last. Tri Star Energy to acquire Hollingsworth Oil retail fuel assets Convenience Store News & Petroleum From June 29: 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. Copyright 2023 WTWH Media LLC. 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. 5925 Tri-County Pkwy. Website: https://energycommerce.house.gov/ With unparalleled energy he instituted a campaign of education, enlist ing the interest and support of congressmen in every state in the Union, at a time when there was a growing tendency to curtail river and harbor appropriations. The purchase price for the acquisition and terms of the agreement were not disclosed. 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. Get the latest business insights from Dun & Bradstreet. Distributed by Public, unedited and unaltered, on 14 August 2020 18:02:08 UTC. 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. The store conversions will launch throughout middle Tennessee with the expansions moving further south as Tri Star Energy prepares to convert its nine Dothan, Ala.-area Southern Traders c-stores into updated Twice Daily locations. On August14, 2020, the Commission announced it had approved thefinal consent orderin this matter. Tri Star, a Nashville, Tennessee-based energy . Tri Star Energy 1503 Memorial Blvd Springfield TN 37172 (615) 242-8466 Claim this business (615) 242-8466 Website More Directions Advertisement From the website: At Tri Star Energy, we keep you moving. Tri-Star Group is a family-owned resources exploration company that is at the forefront of exploration in Australia and the United States. Tri Star Energy acquired the Sudden Service chain of convenience stores as well as other retail and fuel businesses of Hollingsworth Oil. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Learn about our fuel services and stations services for wholesalers and municipalities, our retail touch points. We make it really easyall you have to do is donate your change when you make a purchase OR when you buy two 20oz Pepsi products, Frito Lay chips, Uptime Energy or Core Water and they will make a don Did you know that when you buy two(2) 20oz. Expires 2/28/23. See how we can support you through our robust, customizable fuel programs and station services. We will give away $500 every October 31 is the last day to make donations to St. Jude through Sudden Service! NACS, the association that advances convenience and fuel retailing, is the publisher of Fuels Market News, which provides fuels industry news and information that readers need to plan, execute and settle over $1.5 trillion in fuel transactions in the U.S. each year. | 1740 Ed Temple Blvd., Nashville, TN 37208 Privacy Policy For more information, see media coverage here. Hollingsworth controls Hollingsworth Oil and C & H Properties, both based in Springfield, Tenn. Hollingsworth Oil has a network of 54 c-stores under the Sudden Service name with attached retail fuel outlets in middle Tennessee. The purchase price and terms of the acquisition were not disclosed. 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,. The following year, the company picked up Herndon Oil Corp., headquartered in Abbeville, Ala., and its retail brand, Southern Traders. Pepsi drinks (any flavor) for $2.50-Pepsi will make a donation to St. Jude? Copyright 2023 Surperformance. Tri Star Energy will divest some assets to, Alimentation Couche-Tard Picks Up Big Red Stores, Yesway Boosts Footprint With New Locations & Acquisition Pact. Fuels Market News. Buy 1 20oz Get 1 for 1*. U.S. FDA approves Reata's rare genetic disorder drug, Lowe's Companies Down Over 6%, On Track for Largest Percent Decrease Since November 2020 -- Data Talk, Compaa de Minas Buenaventura S.A.A. See if you qualify for a free subscription to our industry leading paper magazine. How do you enter? Strategic leader, focussed on achieving business performance outcomes in complex organisations making significant contributions to the economy. Keep up with the latest Tri Star Energy happenings. 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. Tri Star Energy has been recognized as one of Nashville's top workplaces for the last 5 years in a row and is continuing to build out an amazing team of high-impact . You read that correctly-a concert. 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. 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. "As we navigate these store conversions, our priority will continue to rest in our guests and store teams. Tri Star also supplies fuel to a network of 285 dealer locations. Find the resources you need to understand how consumer protection law impacts your business. 10 Dos and Donts of Effective Checkout Queue Merchandising. Tri Star will sell two sites in order to acquire 53 Sudden Service retail stores. Learn more about your rights as a consumer and how to spot and avoid scams. Nashville, Tenn.-basedTri Star Energyone of the Mid-Souths premier convenience retailershas acquired Springfield, Tenn.-based Hollingsworth Oil and its convenience retail brand Sudden Service. They have great locations, many in areas where we do not currently operate, said Steve Hostetter, CEO of Tri Star Energy. Do not sell my personal infoPrivacy PolicyContact UsRSS, Tri Star Energy to Acquire Hollingsworth Oil Retail Fuel Assets, FTC requiring divestitures in two markets to avoid antitrust violation, Raymond James & Associates Inc., St. Petersburg, Fla., served as investment banking adviser to the seller. Learn more about the suite of brands powered by Tri Star Energy. 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.. They have great locations, many in areas where we do not currently operate," said Steve Hostetter, CEO of Tri Star Energy. Tri Star Energy acquired the "Sudden Service" chain of convenience stores as well as other retail and fuel businesses of Hollingsworth Oil. It provides a variety of third-party branded and unbranded fuels at its Sudden Service outlets and to 172 wholesale fuel locations. Tri Star Energy also owns premium coffee brand White Bison Coffee, with locations throughout middle Tennessee and north Alabama. Tri Star and Hollingsworth will maintain the competitiveness of the divestiture assets during the divestiture process, said the FTC. NACS "There are 53 Sudden Service retail stores we will acquire, and we must divest of two sites,"Dawn Boulanger, vice president of marketing for Tri Star Energy, told CSP Daily News. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Welcome to a deep dive into the c-store landscape. This acquisition will add 53 locations in Kentucky and Tennessee to Tri Star's 89 stores in Tennessee, Alabama, Georgia and Kentucky. The acquisition will add 53 locations in Kentucky and Tennessee to Tri Stars 89 stores in Tennessee, Alabama, Georgia and Kentucky. They have great locations, many in areas where we do not currently operate, said Steve Hostetter, CEO of Tri Star Energy. 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. The acquisition would increase the likelihood that Tri Star could unilaterally raise prices in each of the two markets. Page 1 of 1. It also owns premium coffee brand White Bison Coffee, which includes locations throughout middle Tennessee and northern Alabama. All Rights Reserved. Only available in the Twice Daily Rewards app! Tri Star Energy later acquired Abbeville, Alabama-based Herndon Oil Corporation and its retail brand Southern Traders in September 2021. Read More. If you have been a customer of Sudden Service over the past 10 years-then you know that in October we raise money for St. Jude Children's Research hospital. Tri Star Energy later acquired Abbeville, Alabama-based Herndon Oil Corporation and its retail brand Southern Traders in September 2021. 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 purchase adds 53 c-stores in Kentucky. 3,424 were here. Tri Star Energy and Hollingsworth Oil, In the Matter of Tags: Energy Gasoline . The company also owns premium coffee brand White Bison Coffee, which includes locations throughout Middle Tennessee and Northern Alabama. 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. Scott Garfinkel, with Raymond James, represented the seller. Apr 29, 2021. 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. Read More Contact Who is Tri Star Energy Headquarters 1740 Ed Temple Blvd, Nashville, Tennessee, 37208, United States Phone Number (615) 313-3600 Website www.tristartn.com Revenue $245.3M Industry Gas Stations, Convenience & Liquor Stores Retail 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. All rights reserved. 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. Pomalidomide (Figure S1A) is a potent IKZF1 degrader (half-maximal degradation concentration [DC 50] 6 nM, maximal percent degradation [D max] 86%), but has no effect on IKZF2 protein levels up to 50 M (Figure 1A).However, pomalidomide does induce a measurable interaction between IKZF2 and CRBN in cells as measured by a split enzyme recruitment assay (A max 460%), an interaction only 4-fold . Page 1 of 1. 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. Tri Star Energy, LLC and Hollingsworth Oil Company, Inc., C & H Properties, and Ronald L. Hollingsworth 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, a Nashville, Tennessee-based energy company, operates fuel outlets and convenience stores in four states . Photo of the Day: April 29, 2021. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. Date: 05/01/2002 Location: Data will display when it becomes available. The latest from CSP, sent straight to your inbox. Attn: Lisa Davis. 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.. Explore Tri Star Energy opportunities and benefits to take the next step on your career path. any time of day Get What You Crave Explore Our Menus unlock savings Join Twice Daily Rewards Save money with access to all our special deals and points on every purchase. Together, we will create new opportunities for our clients in the healthcare, financial services, private equity, real estate and other sectors. The companies did not disclose the purchase price for the acquisition or the terms of the agreement. 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.. On Saturday, October 24 from 3-9 at the City Park in Erin, TN-there will be a live concert with talent from all over! Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. 2023 Tri Star Energy, LLC. The company agreed to sell retail fuel assets in Whites Creek and Greenbrier, Tenn., within 10 days after it completes its transaction with Hollingsworth. For the latest news and resources,follow the FTC on social media,subscribe to press releasesandread our blog. Our combined companies will have over 140 retail outlets and 450 dealers featuring some of the best programs and operators in our region. FTC Investigation of the Tri-Star Energy/Hollingsworth Oil Company Transaction. At Tri Star Energy, we keep you moving so you can keep the community moving. We work to advance government policies that protect consumers and promote competition. 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. The site is secure. There is also another way that you can During the month of October you can help support kids of St. Jude at your local Sudden Service. For the businesses and organizations that serve our community, slowing down isnt an option. III. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. The latest information on products and trends in the convenience-store and foodservice industries. "Our combined companies will have over 140 retail outlets and 450 dealers featuring some of the best programs and operators in our region. Posted by Fuels Market News | July 8, 2020. 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. Tristar has a global presence in 29 countries across Middle East, Africa, Asia, the Pacific, the Americas and Europe. 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. Federal government websites often end in .gov or .mil. Fuels Market News, published by NACS, is the downstream petroleum industrys trusted source for fuels-related news and information, covering the fuels of today and tomorrow. Tri Star, a Nashville, Tennessee-based energy . The companies did not disclose the purchase price for the acquisition or the terms of the agreement. We'll get back to you soon. T, wice Daily has been serving middle Tennessee communities since 2011 and expanded to the, Alimentation Couche-Tard Picks Up Big Red Stores, Yesway Boosts Footprint With New Locations & Acquisition Pact. Tri Star acquired Tennessee-based Hollingsworth Oil, which owned Sudden Service, in July 2020. Please send us a message and we will respond to your needs as soon as possible. By continuing to browse or by clicking "Accept All Cookies," you agree to the storing of first- and third-party cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Lemon-lime in a whole new way with Starry. Local Employee Honored With Patriotic Award. 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! 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 N., which owned tri star energy hollingsworth Service retail stores outlets and convenience stores, you the! 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