M&A Deal Summary

TravelCenters of America Acquires Carolina’s Travel Center

On October 26, 2022, TravelCenters of America acquired consumer products company Carolina’s Travel Center

Acquisition Highlights
  • This is TravelCenters of America’s 1st transaction in the Consumer Products sector.
  • This is TravelCenters of America’s 6th transaction in the United States.
  • This is TravelCenters of America’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2022-10-26
Target Carolina’s Travel Center
Sector Consumer Products
Buyer(s) TravelCenters of America
Deal Type Add-on Acquisition

Target

Carolina’s Travel Center

Fair Play, South Carolina, United States
Carolina’s Travel Center is a provider of packing supplies including duct tape, shipping supplies, Enviro-Bubble (bubble cushion wrap), utility carts (dollies), box cutters (utility knives), moving blankets, gift boxes, forearm forklifts, moving straps, padlocks and more. Carolina’s Travel Center is based in Fair Play, South Carolina.

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Buyer(S) 1

Buyer

TravelCenters of America

Westlake, Ohio, United States
Category Company
Founded 1972
Sector Business Services
Revenue 7.3B USD (2021)
DESCRIPTION

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 6 of 6
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (South Carolina) 1 of 1
Country (United States) 6 of 6
Year (2022) 2 of 2
PREVIOUS DEAL
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.

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