Shell Acquires Fuel Card With Network of 8,000 Truck Stop Locations in North America
Houston, TX — Shell Oil Company announced today the acquisition of Kansas-based MSTS Payments, LLC and its Multi Service Fuel Card acceptance network and transaction processing platform.
In a press release sent to Transportation Nation Network (TNN), Shell stated the acquisition will provide the company with a closed-loop payment network used by Commercial Road Transport (CRT) companies at thousands of truck stops in North America.
MSTS will operate as a wholly own subsidiary of Shell and will remain headquartered in Overland Park, KS.
“We’re very excited about the opportunity provided by Shell to help the fuel card business realize its full potential,” said Aaron Decker, CEO of MSTS and Multi Service Fuel Card. “We’re equally excited to help Shell grow its Commercial Road Transport business.”
The terms of the sale were not disclosed.
The investment in the Multi Service Fuel Card business includes growing market share in the fuel card space and creating synergies with Shell product offerings, the company stated.
Shell plans to add services to enhance the customer experience and leverage its heavy duty diesel engine oil brand, Shell Rotella®, to offer trucking fleets fuel-economy savings, extended-drain capability, enhanced engine cleanliness, and excellent wear protection.
Multi Service Fuel Card was founded in 1978 by a former over-the-road trucker.
Its network is currently made up of more than 8,000 truck stop locations in North America.