Agility Defense & Government Services and Tristar Transport will buy energy company Shell Guams fuel facilities in Agat, Guam.
The facilities will be run by Tristar Terminals Guam, a joint venture owned by Alexandria-based Agility DGS and Dubai-based Tristar Transport, which offers land, marine, warehousing, and fuel-farm management services.
The deal includes 25 bulk-fuel storage tanks with a combined capacity of about 4 million barrels, five miles of pipeline and receipt-and-issue facilities.
Shell, the parent of Shell Guam, is the worlds largest single-branded fuels retailer with about 46,000 service stations.
The acquisition is expected to take up to several months to close due to administrative and permit requirements.
The buyers are planning to repair and revamp the 237-acre facility in Agat.
The acquisition of the Shell Guam facilities strengthens the Agility-Tristar joint venture and our ability to provide fuel logistics support to defense customers, Dan Mongeon, president and CEO of Agility DGS, says. The additional capacity also allows us to offer bulk-fuel storage and terminal services to commercial customers in the Pacific.