M&A Deal Summary

BP America Production Acquires TravelCenters of America

On February 16, 2023, BP America Production acquired business services company TravelCenters of America for 1.3B USD

Acquisition Highlights

This is BP America Production’s 1st transaction in the Business Services sector.
This is BP America Production’s largest (disclosed) transaction.
This is BP America Production’s 1st transaction in the United States.
This is BP America Production’s 1st transaction in Ohio.

M&A Deal Summary
Date	2023-02-16
Target	TravelCenters of America
Sector	Business Services
Buyer(s)	BP America Production
Deal Type	Merger
Deal Value	1.3B USD

Target

TravelCenters of America

Westlake, Ohio, United States

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.

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