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

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.

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.

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.

Petroleum Transport Co. Inc. Acquires Pope Transport

July 4, 2025

Transportation

Petroleum Transport Co. Inc. has acquired the fuels transportation business Pope Transport from E.J. Pope & Son. Pope Transport operates a fleet of nearly 50 tractors and 90 trailers as a common carrier serving Virginia, North Carolina, South Carolina and Georgia; Matrix Capital Markets Group advised on the sale, which marks the Pope family’s full exit from the fuels industry.

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.

America's Car-Mart Acquires Texas Auto Center

May 2, 2024

Automotive

America's Car-Mart, Inc. has entered into a definitive agreement to acquire the dealership assets of Texas Auto Center (TAC), the two-location Austin/San Marcos used-car dealership founded by Bob and Erika Blankenship. The transaction (which excludes TAC's legacy finance receivables) is expected to close in the first quarter of Car-Mart's 2025 fiscal year and expands America's Car-Mart's footprint in the Texas market.