TravelCenters of America LLC is the largest publicly traded full-service truck stop and travel center company in the United States.
The company operates full service centers, convenience stores, and restaurants under the TravelCenters of America, TA, Petro Stopping Centers, TA Express, GOASIS brands [2]' TravelCenters of America is headquartered in Westlake, Ohio,[3] operates in 44 U.S. states, and employs nearly 20,000 people, as of 2021.
[10] The acquisition was completed in January 2007, and TA shares started being traded on the American Stock Exchange on February 1.
[13][14] RDG Capital Management encouraged TA to implement a $100 million share repurchase plan in 2015 to increase its stock price,[15] in addition to leasing and selling more company-owned properties.
[17][12] In mid 2016, the company's board of directors rejected a buyout submitted by the private equity firm Golden Gate Capital in December 2015.
[24] The company has also focused on providing truckers with electronic logging devices, following a mandate issued by the Federal Motor Carrier Safety Administration in 2015.
[25] TA ranked number 17 in CSP magazine's late 2017 list of the largest U.S. convenience store chains.
[28][29] The board promoted Barry Richards, then serving as EVP, to the president and chief operating officer role, and named William Myers, who held the senior vice president and chief accounting officer position, to EVP, CFO and treasurer.
[30] TA partnered with Wex in February 2018 to provide fuel card services to all TA and Petro locations throughout the U.S.[26] The company also confirmed sponsorship of the "truck service challenge" competition for the Monster Energy NASCAR Cup Series and NASCAR Xfinity Series.
TA fundraises for the St. Christopher Truckers Development and Relief Fund, which helps truck drivers who struggle financially as the result of health issues, annually since 2010.
[1] TA previously operated a single Canadian travel center in Woodstock, Ontario, but the company closed that location in 2022, leaving it with solely a U.S.
[38] The division operates around 850 restaurants and food stores branded as Country Pride, Iron Skillet, and Quaker Steak & Lube, among others.
[49] The TA Truck Service National Call Center and Emergency Road Side Assistance operations were relocated to a new facility in Westlake in September 2017.