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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Buyer(S) 1

Buyer

BP America Production

Houston, Texas, United States

Category Company
Founded 1930
Sector Oil/Gas Exploration
DESCRIPTION

BP America Production Company explores, develops, and produces oil and gas in United States and Gulf Mexico.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Merger) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-18 BP America Production - Oil & Gas Producing Properties

Houston, Texas, United States

BP America Production Co.'s Oil & Gas Producing Properties are located approximately 50 miles east of Lime Rock Resources.

Sell -