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New Deal


Announced

Completed

BP completed the acquisition of TravelCenters of America for $1.3bn.

Financials

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Transaction Value£1,076m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium84%
One Off Charge-

Tags

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Majority

Cross Border

Friendly

Public

United States

Railroad Equipment

Acquisition

truck shop chain

Completed

Original Bidder Won

Synopsis

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BP, a British multinational oil and gas company, completed the acquisition of TravelCenters of America, a full-service truck stop and travel center company for $1.3bn. “We are thrilled to welcome the TravelCenters of America team to bp and give a turbo-boost to our convenience and mobility business in the US. Combining TA’s sites on US highways with our brilliant retail network off the highway immediately expands our offer and doubles our global convenience gross margin,” Emma Delaney, BP Executive Vice President. On March 14, 2023, Arko made a $1.4bn offer for TravelCenters of America, which was rejected by the board.

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