Profile: TravelCenters of America LLC (TA.O)
24 Jul 2017
TravelCenters of America LLC (TravelCenters), incorporated on October 10, 2006, operates and franchises travel centers and convenience store and restaurant locations. The Company's segments include travel centers, convenience stores, and corporate and other. The Company offers a range of 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, quick service restaurants (QSRs), travel/convenience stores and various customer amenities. Its customers include trucking fleets and their drivers, independent truck drivers, highway and local motorists, and casual diners.
As of December 31, 2016, the Company's business included 255 travel centers in 43 states in the United States primarily along the United States interstate highway system, and the province of Ontario, Canada. Its travel centers included 178 operated under the TravelCenters of America and TA brand names, or the TA brand, and 77 operated under the Petro Stopping Centers and Petro brand names, or the Petro brand as of December 31, 2016. Of its 255 travel centers as of December 31, 2016, it owned 29, it leased 199, it operated two for a joint venture in which it owns a non-controlling interest and 25 were owned or leased from others by its franchisees. It operated 225 of its travel centers and franchisees operated 30 travel centers, including five it leased to franchisees as of December 31, 2016.
As of December 31, 2016, the Company's business included 233 convenience stores in 11 states in the United States. It operates its convenience stores primarily under the Minit Mart brand name or the Minit Mart brand. Of these 233 convenience stores as of December 31, 2016, it owned 198, it leased 32 and it operated three for a joint venture in which it owns a non-controlling interest. Its convenience stores offer gasoline, as well as a range of nonfuel products and services, including coffee, groceries, some fresh foods, and, in many stores, a QSR and/or car washes. As of December 31, 2016, the Company's business included 52 standalone restaurants in 15 states in the United States operated primarily under the Quaker Steak & Lube brand name, or the QSL brand. Of its 52 standalone restaurants as of December 31, 2016, it owned five, it leased seven, it operated one for a joint venture in which it owns a non-controlling interest and 39 were owned or leased from others by its franchisees.
The Company sells diesel fuel at separate truck fueling lanes at its travel centers. It sells branded and unbranded gasoline and diesel fuel at motorist fuel islands at travel centers and convenience store locations. The Company offers Diesel Exhaust Fluid (DEF) from dispensers on the diesel fueling island at all of its travel centers. Its full service restaurants are operated under Iron Skillet and Country Pride brands, and offers menu table service and buffets. It also operates different brands of QSRs, including Arby's, Burger King, Dunkin' Donuts, Pizza Hut, Popeye's Chicken & Biscuits, Starbuck's Coffee, Subway and Taco Bell. Its travel stores located at a travel center have a selection of over 4,700 items, including packaged food and snack items, beverages, non-prescription drug and beauty supplies, batteries, automobile accessories, and music and video products. Its standalone convenience stores have a selection of over 3,600 items, including packaged food and snack items, beverages, tobacco products, non-prescription drug and beauty supplies, batteries and automobile accessories. The Company offers commercial truck and other customer loyalty programs, the principal program being the UltraOne Club. In addition, it publishes a magazine called RoadKing, which includes articles and advertising of interest to professional truck drivers. Some of its travel centers offer casino gaming. Its travel centers provide truck drivers with a range of amenities. Its trucking customers transact business by use of fuel cards, most of which are issued by third-party fuel card companies.
The Company competes with TA, Pilot Travel Centers LLC and Love's Travel Stops and Country Stores, Inc.
TravelCenters of America LLC
24601 Center Ridge Rd
WESTLAKE OH 44145-5634