TravelCenters of America Inc. runs travel centers, truck service facilities, and restaurants across the United States and Canada. These centers provide a wide range of products and services, such as diesel fuel, gasoline, truck repair and maintenance services, full and quick service restaurants, and customer amenities. The company’s restaurants operate under several brands, including IHOP, Burger King, Taco Bell, and Starbucks. Additionally, the travel stores offer electronics, clothing, convenience products, fresh food, and regional souvenirs, among other items. The company also provides parking space under the Reserve-It brand. The travel centers operate under various brand names, including TravelCenters of America, TA, TA Express, Petro Stopping Centers, and Petro, while the truck service facilities operate under the TA Truck Service brand name. The company caters to trucking fleets, independent truck drivers, local and highway motorists, and casual diners. TravelCenters of America Inc. was established in 1972 and is headquartered in Westlake, Ohio.
as of February 16, 2023
Still pissed that I missed this one in 2019 when it was in single digits. Today, BP made a super smart $1.3 billion all cash bid for the company and unless there are some regulatory hurdles or the deal falls through because it’s low AF, then say bye bye to this one. I don’t think BP will care about fix and flip like a PE firm would, but that’s also a possibility. It will have to assume the $2.2 billy in debt, but will get a pretty decent asset, in my opinion.