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New Deal


Announced

Completed

Love's completed the acquisition of TVC Pro-Driver from Gauge Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

Risk and Compliance

United States

Acquisition

Single Bidder

legal services

Domestic

Majority

Private Equity

Friendly

Synopsis

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Love’s Travel Stops, a convenience stores chain, completed the acquisition of TVC Pro-Driver, a platform for subscription-based commercial driver's license protection services, from Gauge Capital, a middle market private equity firm. Financial terms were not disclosed. “We partnered with TVC in 2019 with the goal of building a best-in-class offering that enhanced the already significant benefits that the comprehensive commercial driver's license protection provides for truck drivers, and the partnership with Love’s is the culmination of those efforts. We are thankful to have worked with Jon Russell and the rest of the TVC team and look forward to what this new partnership will bring for the Company," Tom McKelvey, Gauge Capital Co-Founder and Managing Partner.

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