LV Petroleum Acquires Two TA-Branded Travel Centers in Missouri

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.

Offen Petroleum Acquires Ozark Mountain Energy and Petroleum Express

December 15, 2020

Logistics & Distribution

Offen Petroleum has closed on the acquisition of the business assets of Ozark Mountain Energy and its affiliate trucking company Petroleum Express, both based in Mt. Vernon, Missouri. Offen — a portfolio company of Court Square Capital Partners — will operate the acquired businesses under the Ozark Mountain Energy name in the Mid-continent and Midwestern states, with Brent, Eric and Kyle Wilmoth joining Offen’s leadership; Brent also purchased a significant equity stake in Offen.

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.

Student Transportation of America Acquires Multiple Regional Bus Operators

January 23, 2025

Transportation

Student Transportation of America (STA) completed a series of add-on acquisitions of regional school and charter bus operators across the U.S., increasing STA’s annual revenue by more than $70 million, adding over 1,000 employees and nearly 900 vehicles. The acquired operators include Visconti Bus Service, VW Trans, Birnie Bus Service and Birnie Transit, Desert Choice Transport, West Point Tours, Brandt Buses, and Assist-to-Transport, which will be integrated to expand STA’s national footprint and service capabilities.

Offen Petroleum Acquires Dealer Contracts from Petroleum Management LLC and Logistics Assets from Pathfinder Transportation

November 3, 2021

Oil & Gas

Offen Petroleum, a Court Square Capital Partners-backed fuel distributor, completed two transactions acquiring a portfolio of branded motor fuel dealer contracts from Petroleum Management LLC (Platteville, Colorado) and certain logistics assets from Pathfinder Transportation LLC (Hiwasse, Arkansas). The deals expand Offen’s geographic density and product offerings—deepening its Colorado footprint and expanding propane logistics capacity in the Ozark region.