Berkshire Hathaway Acquires Remaining 20% of Pilot Travel Centers LLC

The Kent Companies Acquires B&B Petroleum (15 Chevron Convenience Stores)

October 31, 2025

Retail

The Kent Companies, a family-owned convenience store and fuels operator based in Midland, Texas, has acquired B&B Petroleum, LLC — a Ponchatoula, Louisiana-based operator of 15 Chevron-branded convenience stores (including Subway and Red Bird Café locations). The acquisition expands Kent's Kent Kwik footprint into Louisiana as part of a five-year strategy to grow eastward across the Southeast.

Berkshire Partners Acquires Majority Stake in TowerNorth

October 5, 2023

Telecommunications

Berkshire Partners has made a majority growth investment in TowerNorth, a developer, owner and operator of wireless infrastructure assets across the United States and Europe. Founding investor Wincove Private Holdings re-invested in the transaction; financial terms were not disclosed.

BP Products North America Acquires TravelCenters of America

April 11, 2023

Transportation

BP Products North America Inc. will acquire TravelCenters of America Inc. for $86.00 per share in cash, valuing the deal at approximately $1.3 billion. The Hart-Scott-Rodino waiting period expired April 10, 2023, and shareholder approval was set for May 10, 2023 with closing expected shortly thereafter (target May 15, 2023).

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).

Boyne Capital Acquires Pilot Power Group

May 7, 2020

Energy

Boyne Capital has partnered with management to acquire Pilot Power Group, a San Diego-based provider of electric utility billing and data management, energy portfolio management, and energy procurement services serving community choice aggregators and commercial & industrial customers in the Western U.S. Boyne intends to invest in Pilot's software suite and pursue organic growth and strategic M&A to expand the company's geographic footprint and product offerings.

TravelCenters of America Acquires Johnson's Corner Truck Stop

September 26, 2014

Transportation

TravelCenters of America LLC acquired the landmark Johnson's Corner truck stop and restaurant in Johnstown, Colorado, adding the location to its Petro Stopping Centers network. The acquisition expands TA/Petro's travel center footprint and preserves the site's restaurant and bakery while integrating the location into TA's professional-driver amenities and services.