Love's Travel Stops & Country Stores, Inc.
Classification
Private
About
About
Love's Travel Stops & Country Stores, Inc. is a privately held company based in Oklahoma City, Oklahoma, that operates a chain of travel centers and convenience stores across the United States. The company was founded in 1964 by Tom and Judy Love and has since expanded to over 600 locations in 42 states, serving millions of customers annually. Love's offers a wide range of products and services for professional truck drivers, motorists, and families on the go. Love's core product lines include fuel, which is available 24/7 at every location, as well as convenience store items such as snacks, drinks, and travel necessities. Additionally, Love's offers a variety of services such as truck tire care, roadside assistance, truck scales, showers, and laundry facilities. Love's also operates several fast-food chains such as Subway, Hardee's, and Chester's Chicken, as well as their own Love's branded restaurants. Fuel is Love's most essential product, and the company offers gasoline, diesel fuel, and compressed natural gas (CNG) at its locations. Love's fuel offerings include high-quality brands such as Chevron, Shell, and Valero. In addition to fuel, Love's convenience store items include a range of products such as snacks, candy, chips, beverages, cigarettes, and tobacco products. Love's also offers a variety of travel necessities, including travel-sized toiletries, phone chargers, and other accessories. Love's services include tire care, which includes tire repairs and replacements, as well as tire inflation and balancing. The company also offers roadside assistance services, which provide assistance with jump-starts, lockouts, and other issues that may arise while on the road. Other services offered by Love's include truck scales, showers, and laundry facilities, which are designed to meet the needs of professional truck drivers who spend extended periods on the road. Love's also operates several fast-food chains such as Subway, Hardee's, and Chester's Chicken, as well as their own Love's branded restaurants. These restaurants provide a range of meal options for travelers and motorists, including breakfast items, burgers, sandwiches, and fried chicken. Overall, Love's product lines and services are designed to cater to the needs of professional truck drivers, motorists, and families on the go. The company aims to provide a one-stop-shop experience for its customers, with an emphasis on convenience and quality.
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
Keywords
Keywords
Classified
Private