M&A Deal Summary |
|
|---|---|
| Date | 2016-04-21 |
| Target | Quaker Steak & Lube - Certain Assets |
| Sector | Restaurants |
| Buyer(s) | TravelCenters of America |
| Sellers(s) | Quaker Steak & Lube |
| Deal Type | Divestiture |
| Deal Value | 25M USD |
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| Category | Company |
|---|---|
| Founded | 1972 |
| Sector | Business Services |
| Revenue | 7.3B USD (2021) |
TravelCenters of America is a full-service travel center network operating TA, Petro Stopping Centers, and TA Express brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists. It operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet and Country Pride. TravelCenters of America was founded in 1972 and is based in Westlake, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 6 |
| Sector (Restaurants) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 4 of 6 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-05-01 |
Gas-Mart USA - 19 Gasoline/Convenience Stores
United States The 19 Gasoline/Convenience Stores locations in Kansas (3) and Missouri (16). |
Buy | $27M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-26 |
Midwest Travel Center
Cuba, Missouri, United States Midwest Travel Center offers Tire/Lube Express for clients from automobile industry. Midwest Travel Center is based in Cuba, Missouri. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1974 |
| Sector | Restaurants |
Quaker Steak & Lube, a “Cook Your Own Steak” restaurant serves over 80 million wings annually, has bottled sauces for retail sale, has won the title of “Best Wings USA,” and has hundreds of local, national, and international awards for their sauce recipes. Over 60 locations throughout the United States and Canada, “The Lube®” is still rescuing muscle cars, vintage cars, trucks and a vast selection of custom and antique motorcycles, giving them good homes hanging from the walls and ceilings in each restaurant.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Restaurants) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
