BP Acquires TravelCenters of America
BP will purchase all TravelCenters of America outstanding stock for $1.3 billion in one of the largest quick-service acquisitions since the pandemic. With the deal, BP will own all 281 TravelCenters locations.
BP will also take over the 600+ casual-dining and quick-service restaurants partnerships TravelCenters managed, with some of the largest names in the industry. The purchase follows TravelCenters’ successful turnaround plan following the pandemic, with a 67% net increase in....