Fast Stop Travel Centers Acquires Three Utah Gas Stations from Trigon

Legacy Markets Acquires Triangle Stop Food Stores and JH Reaben Oil Company

September 17, 2024

Retail

Legacy Markets, LLC has completed the acquisition of Triangle Stop Food Stores and JH Reaben Oil Company, adding 10 convenience store locations in western North Carolina serving the Hendersonville and Brevard communities. The deal expands Legacy Markets' footprint as it continues to grow by acquiring local convenience-store operators while preserving local brands and employee bases.

LV Petroleum Acquires Two TA-Branded Travel Centers in Missouri

January 21, 2025

Transportation

LV Petroleum, a Las Vegas–based travel center operator and TravelCenters of America franchisee, acquired two TA-branded travel centers in Missouri from Wilmoth Oil Co. LLC: Ozarks Travel Center in Mount Vernon and TA Strafford in Strafford. The acquisitions expand LVP's growing network of travel centers and strengthen its footprint in the Midwest as part of a broader growth strategy.

Velocity Truck Centers Acquires Triple-T Truck Centers

January 4, 2022

Automotive

Velocity Truck Centers (part of Velocity Vehicle Group) has acquired Triple-T Truck Centers and its Aftermarket Parts business, expanding VTC's footprint across the Carolinas and the Southeast. The deal brings Triple-T's locations and a New Bern-based parts business into VTC's network as the company grows to 62 locations offering sales, service, parts and financing; owner Tim Matt has sold the business and VTC has committed to retain stewardship of management and employees.

TravelCenters of America Acquires Two Virginia Travel Centers for $45M

April 4, 2022

Transportation

TravelCenters of America Inc. (TA) completed the acquisition of two Interstate 81 travel center locations — Petro Raphine and TA Lexington — for $45 million. The sites, franchised since 2011, are expected to generate approximately $9.0 million of site-level EBITDA in 2023, and Petro Raphine is undergoing renovations to expand retail space and add 170 truck parking spaces (bringing it to nearly 900 spaces).

Majors Management Acquires Tri-State Petroleum Corporation Assets

December 17, 2021

Retail

Majors Management, LLC acquired the assets of Tri-State Petroleum Corporation, including 25 company-operated convenience stores and eight wholesale dealer accounts in the tri-state region of western Pennsylvania, northern West Virginia and eastern Ohio. The acquisition expands Majors' geographic footprint into Pennsylvania and West Virginia while bolstering its presence in Ohio.

Berkshire Hathaway Acquires Remaining 20% of Pilot Travel Centers LLC

January 16, 2024

Transportation

Berkshire Hathaway Inc. has acquired the remaining 20% interest in Pilot Travel Centers LLC from Pilot Corporation pursuant to a settlement agreement, bringing Berkshire's ownership to 100%. The transaction completes Berkshire's consolidation of Pilot Travel Centers under its full ownership; no financial terms were disclosed in the announcement.