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Slide #9. TravelCenters of America LLC — 31 C-Stores/Gas Stations
TravelCenters of America LLC (NASDAQ:TA)
31 C-Stores/Gas Stations
TravelCenters of America LLC (NYSE:TA) today announced that it has completed its previously announced acquisition of thirty-one (31) convenience stores with retail gasoline stations ("C-stores") for $67.9 million, including closing costs and customary working capital adjustments. TA will continue to operate these C-stores under the proprietary brand name "Minit Mart." Twenty-eight (28) of the C-stores are located in Kentucky and three (3) are located in Tennessee. Twenty-seven (27) of the locations include the ownership of land and buildings and four (4) are leaseholds.
TravelCenters of America operates or franchises travel centers, standalone truck service facilities and standalone restaurants. Co.'s customers include trucking fleets and their drivers, independent truck drivers, highway and local motorists and casual diners. Co. also collects rents, royalties and other fees from its tenants and franchisees. Co.'s travel centers provide products and services, including diesel fuel and gasoline, as well as nonfuel products and services such as truck repair and maintenance services, full service restaurants, and quick service restaurants. Co.'s standalone truck service facilities provide maintenance and emergency repair and roadside services to trucks.
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Strong Buy (4.00 out of 4)