Love's Travel Stops & Country Stores, Inc.

Oklahoma City, Oklahoma

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

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

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

Target

BrightHealth Technologies

Seller

Early Investors Consortium

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