![]() In mid 2016, the company's board of directors rejected a buyout submitted by the private equity firm Golden Gate Capital in December 2015. ![]() TA elected to sign an approximately $400 million sale leaseback deal with HPT. RDG Capital Management encouraged TA to implement a $100 million share repurchase plan in 2015 to increase its stock price, in addition to leasing and selling more company-owned properties. In May 2007, TA acquired the operating businesses of the El Paso-based Petro Stopping Centers, and leased 40 Petro locations from HPT. TA continued operating as a fully owned subsidiary of HPT, which continued to be TA's largest shareholder, as of mid 2015. The acquisition was completed in January 2007, and TA shares started being traded on the American Stock Exchange on February 1. In 2006, Hospitality Properties Trust (HPT) agreed to acquire the company for approximately $1.9 billion. ![]() TA ranked #94 and #60 on Forbes ' list of the largest private companies in 20, respectively. TA was acquired by Oak Hill Capital Partners in 2000. states, 12,500 employees, and annual sales of $1.5 billion. By 2000, the company had 160 locations in 40 U.S. Travel Stops, then merged with over a dozen units of Travel Ports of America. In the late 1990s, TA purchased seventeen Burns Bros. The chain merged with National Auto/Truckstops in 1997, resulting in the new name TravelCenters of America Inc. After Standard Oil was purchased by BP, the multinational oil and gas company sold TA to Clipper Group in 1993. Standard Oil of Ohio acquired the chain in 1984. The company was among the first truck stop chains in the nation, and was purchased by Ryder later that year. TravelCenters of America was established by Phil Saunders in 1972 as Truckstops of America. Crage was named executive vice president (EVP), chief financial officer (CFO), and treasurer. Barry Richards serves as president, and in 2020, Peter J. Jon Pertchik became chief executive officer (CEO) in 2019. (TA) divested Quaker Steak & Lube in April 2021 to an undisclosed buyer for $5 million. Together, these brands offer diesel fuel and gasoline, full service and fast food restaurants, maintenance and repair service for trucks, and groceries and convenience goods, among other products and services. Brands include TravelCenters of America, TA, and Petro Stopping Centers approximately 40 restaurants generally operate under the Quaker Steak & Lube brand. ĭivisions of TA include TA Restaurant Group and TA Truck Service. The publicly traded limited liability company is headquartered in Westlake, Ohio and employs nearly 20,000 people. states and in Canada, plus standalone restaurants in more than 10 states, as of 2018. TravelCenters of America (TA) is an operator of truck stops and travel centers in the United States, with approximately 270 full-service locations along the Interstate Highway System in 44 U.S. The acquisition, which is subject to regulatory and TravelCenters of America shareholder approval, will be for $1.3 billion in cash. On February 16, 2023, it was announced that BP Products North America Inc., a wholly-owned indirect subsidiary of BP plc had reached an agreement to purchase TravelCenters of America. states, and employs nearly 20,000 people, as of 2021. ' TravelCenters of America is headquartered in Westlake, Ohio, operates in 44 U.S. The company operates full service centers, convenience stores, and restaurants under the TravelCenters of America, TA, Petro Stopping Centers, TA Express, GOASIS and Quaker Steak & Lube brands. With more data and better control, you can optimize resources and routes, decreasing idle time for your drivers, improving wait times for your customers, and creating efficiencies for your business.TravelCenters of America LLC is the largest publicly traded full-service truck stop and travel center company in the United States. When drivers are able to stay in your app as they navigate to a destination, you can send them alerts and notifications, add trips on the fly, and get a better overall look at their navigation behavior. Improve your operations by interacting with drivers in real time With satellite imagery and street view, you can revisit old places or explore places you've never dreamed of. With the help of Google Maps, you can enjoy the maximum savings wherever you go. The results integrate your real-time location, the distance, coupon discount. Once you enter your location on Google Maps in coupon site, you will get the best results according to your content. If drivers get held up in traffic, wait times get updated automatically, putting customers’ minds at ease. Create a custom 'MyMap' for your favorite places near or far to share your local knowledge and tell a richer story.Įmpower your customers with accurate, up-to-date informationĭeliver great customer experiences with accurate wait times and routes that are optimized based on real-time traffic conditions.
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