Investment Summary

Love’s Travel Stops & Country Stores Invests In TVC Pro-Driver

On October 5, 2023, Love’s Travel Stops & Country Stores invested in business services company TVC Pro-Driver from Gauge Capital

Investment Highlights
  • This is Love’s Travel Stops & Country Stores’ 1st transaction in the Business Services sector.
  • This is Love’s Travel Stops & Country Stores’ 2nd transaction in the United States.
  • This is Love’s Travel Stops & Country Stores’ 1st transaction in Oklahoma.

Investment Summary
Date 2023-10-05
Target TVC Pro-Driver
Sector Business Services
Investor(s) Love’s Travel Stops & Country Stores
Sellers(s) Gauge Capital
Deal Type Stake Purchase
Advisor(s) Daiwa Corporate Advisory Ltd. (DC Advisory)
Jefferies (Financial)
Ropes & Gray (Legal)

Target

TVC Pro-Driver

Oklahoma City, Oklahoma, United States
TVC Pro-Driver is a provider of legal services to commercial drivers, with a strong focus on independent drivers and small fleets. The Company, through a network of over 7,000 attorneys, seeks to achieve favorable case outcomes for its drivers, which allows participating drivers to secure employment and stay on the road. In addition to its legal services, TVC also offers a market-leading fuel discount program, roadside assistance, and insurance products to its drivers and their families. TVC Pro-Driver was founded in 1988 and is based in Oklahoma City.

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Investor(S) 1

Investor

Love’s Travel Stops & Country Stores

Polk City, Florida, United States
Category Company
Founded 1964
Sector Retail
DESCRIPTION

Love’s Travel Stops & Country Stores is a provider of professional truck drivers and motorists with 24-hour access to clean and safe places to purchase gasoline, diesel fuel, travel items, electronics, and more, as well as a selection of restaurant offerings. Love’s Travel Stops & Country Stores was founded in 1964 and is based in Polk City, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Stake Purchase) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-15 Speedco

Nashville, Tennessee, United States

Speedco, Inc. is a national network of service locations that provides quick lube and inspection services to the trucking industry. Speedco was founded in 1993 and is based in Nashville, Tennessee.

Buy -

Seller(S) 1

SELLER

Gauge Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gauge Capital is a lower middle-market private equity firm focused on acquiring companies throughout the US and Canada. Gauge seeks businesses operating in the business services, healthcare services, consumer products, and food sectors. The Firm targets companies with $5 to $40 million of EBITDA. Prospective transaction situations include management buyouts, recapitalizations, divestitures, take privates, consolidations, and growth capital financings. Gauge Capital was formed in 2013 and is headquartered in Southlake, Texas.

DEAL STATS #
Overall 9 of 9
Sector (Business Services) 2 of 2
Type (Stake Purchase) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 9 of 9
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-12 Axxiom Elevator

Fort Lauderdale, Florida, United States

Axxiom specializes in service, repair, modernization and installation of elevators and escalators. They offer a wide range of elevators solutions for various applications, including commercial, residential, and industrial buildings. Axxiom focuses on providing high-quality services, ensuring safety, reliability, and efficiency in all their service offerings. Axxiom Elevator was formed in 2023 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 ECIR

Jacksonville, Florida, United States

ECIR provides advance medical care by conducting innovative research while maintaining the highest standard of patient care. ECIR was founded in 2007 and is based in Jacksonville, Florida.

Buy -
Mergr

Product

Company

Legal