Mergers & Acquisitions

TravelCenters of America Picks Up 26 Convenience Stores

Adds locations in Minnesota, Kentucky in three separate deals

WESTLAKE, Ohio --TravelCenters of America LLC, operator of the TA and Petro Stopping Centers travel centers and the Minit Mart convenience stores, announced that it has acquired a total of 26 gasoline/convenience stores, 18 in Minnesota and six in Kentucky, in three unrelated transactions.

TravelCenters of America (CSP Daily News / Convenience Stores / Gas Stations)

The company did not disclose the identities of the sellers, but as reported in a 21st Century Smoke/CSP Daily News Flash, the deal includes the Little Store locations in Minnesota that TravelCenters of America acquired from Cloquet, Minn.-based Best Oil this week.

Some of the 26 sites currently offer branded quick-service restaurant (QSR) operations such as Subway, White Castle and Arby's.

TravelCenters expects to add a QSR or deli to most of the stores that currently do not include them.

The company has arranged gasoline branding for seven of the 26 stores as Marathon (five stores), BP (one store) and Exxon (one store). TravelCenters said it plans to rebrand the convenience stores at 26 of these locations and the remaining 19 gasoline operations as Minit Mart.

Westlake, Ohio-based TravelCenters of America is a leading travel center business in 43 states and Canada. With 254 travel centers off interstate highway exits, TA and Petro Stopping Centers offer customers diesel and gasoline fueling services, more than 500 full-service restaurants and QSRs, 24-hour convenience stores, heavy-truck maintenance services, RoadSquad Connect (24/7/365 emergency roadside service), Reserve-It (truck parking reservations) and other services within large, high-traffic facilities. TravelCenters' business also includes 60 standalone gas station and convenience stores operating primarily under its Minit Mart brand name.

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