TravelCenters of America, Inc.
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TravelCenters of America, Inc. - overview
Established
1972
Location
Westlake, OH, US
Primary Industry
Travel & Leisure
About
TravelCenters of America, Inc. operates a nationwide network of travel centers, providing essential services and amenities for professional drivers and travelers, including fuel, food, and rest facilities. Founded in 1972, TravelCenters of America, Inc. is based in Westlake, US, and specializes in operating travel centers across the United States.
In February 2023, BP Plc fully acquired the company for USD 1. 3 billion, enhancing BP's convenience and mobility offerings. The company has completed a total of 3 deals since its inception. TravelCenters of America, Inc.
offers a wide range of services including fueling stations, restaurants, convenience stores, and truck maintenance services tailored to meet the needs of long-haul truck drivers and other travelers. The company operates travel centers that provide essential amenities such as showers, rest areas, and parking, ensuring a comprehensive service experience for its customers. In 2022, TravelCenters of America, Inc. reported a revenue of USD 10,844.
99 mn and an EBITDA of USD 362. 59 mn, generated through a combination of fuel sales, food services, and retail sales, supported by long-term contracts with various clients. Following the acquisition by BP Plc in February 2023, TravelCenters of America, Inc. anticipates leveraging BP's resources to expand its offerings in convenience and mobility.
The company plans to enhance its service portfolio while also exploring potential geographic expansion to further its market reach.
Primary Industry
Travel & Leisure
Sub Industries
Travel & Tourism
Website
www.tatravelcenters.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
TravelCenters of America, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | TravelCenters of America, Inc. | - | ||||||||
| N/A | Completed | 24601 Center Ridge Road | - | ||||||||
| Trade Sale | Completed | TravelCenters of America, Inc. | - | ||||||||
| Buyout | Completed | TravelCenters of America, Inc. | - |
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