Shell Oil Company acquires established fuel card business to enhance customer road transport experience
HOUSTON, Nov. 5, 2021 /PRNewswire/ -- Shell Oil Company (Shell) has acquired MSTS Payments, LLC and its Multi Service Fuel Card business from Multi Service Technology Solutions, Inc. (dba TreviPay). The Multi Service Fuel Card acceptance network and transaction processing platform provides Shell with a closed-loop payment network used by Commercial Road Transport (CRT) companies at thousands of truck stops in North America.
“Acquiring the Multi Service Fuel Card business provides Shell with the necessary technology, business infrastructure and talent to accelerate the growth of its global commercial cards business, Customer Value Propositions (CVPs) and services,” said Tim Murray, General Manager of Shell Commercial Road Transport, Sectors & Decarbonization. “We are confident that this strong IT platform and acceptance network will help us deliver a customer experience that will translate to additional growth for Shell’s North America Commercial Road Transport businesses.”
MSTS Payments, LLC will operate as a wholly owned subsidiary of Shell Oil Company and will remain homebased in Overland Park, Kan. Aaron Decker, who led the Multi Service Fuel Card business for Multi Service Technology Solutions, will continue to do so as part of the MSTS Payments management team.
“We’re very excited about the opportunity provided by Shell to help the fuel card business realize its full potential,” said Decker. “We’re equally excited to help Shell grow its Commercial Road Transport business.”
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. 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.
ABOUT SHELL OIL COMPANY
Shell Oil Company is an affiliate of the Royal Dutch Shell plc, a global group of energy and petrochemical companies with operations in more than 70 countries. In the U.S., Shell operates in 50 states and employs more than 17,000 people working to help tackle the challenges of the new energy future.
ABOUT MULTI SERVICE FUEL CARD
Founded in 1978 by a former over-the-road truck driver who believed there had to be a better way to pay for fuel, Multi Service Fuel Card served as the first fuel card for trucking companies that provided real-time transaction authorization. Today, the product continues to help thousands of fleets manage fuel spend through its proprietary fuel card platform. Its closed-loop acceptance network is made up of more than 8,000 truck stop locations. The Multi Service Fuel Card business is based in Overland Park, Kan.
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SOURCE Shell Oil Company