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BP Acquires TravelCenters Of America

BP is paying $1.3 billion to acquire TravelCenters of America. TA has 281 highway locations in 44 states, principally operating under the TA, Petro Stopping Centers and TA Express brands. "The locations, which average around 25 acres, offer a full range of facilities for vehicles and fleet trucks, including more than 600 full-service and quick-service restaurants and travel stores as well as diesel and gasoline fuel, truck maintenance and repair services," per Chain Store Age. "Around 70% of the company’s total gross margin is generated by its convenience services business."

Read the whole story at Chain Store Age »

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