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Auto Dealerships M&A image Auto Dealerships M&A » By The Online Investor Staff, updated Thu., May. 13, 5:40 PM Recent mergers and acquisitions in the Auto Dealerships M&A category.

Slide #9. TravelCenters of America LLC 31 C-Stores/Gas Stations

Acquirer: TravelCenters of America LLC (NASDAQ:TA)
Acquiree: 31 C-Stores/Gas Stations
Details: 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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Company Name: 
TravelCenters of America Inc
Website: 
www.ta-petro.com
Sector: 
Auto Dealerships
Number of ETFs Holding TA: 
12
Total Market Value Held by ETFs: 
$30.86M
Total Market Capitalization: 
$379.00M
% of Market Cap. Held by ETFs: 
8.14%
 

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Strong Buy (4.00 out of 4)
78th percentile
(ranked higher than approx. 78% of all stocks covered)

Analysts' Target Price:
TA Stock Forecast

Based on Zacks ABR data;
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