About TravelCenters of America
TravelCenters of America is a company based in Westlake (United States) founded in 1972 was acquired by BP Ventures in February 2023. It operates as a Managed Services, and Reseller / Distribution. TravelCenters of America has completed 5 acquisitions, including Gas Mart Usa, Johnson's Corner and Minit Mart. TravelCenters of America offers products and services including TA Truck Service, Fuel and DEF, and UltraONE Loyalty Program.
- Headquarter Westlake, United States
- Stage Public
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Travelcenters Of America
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Annual Revenue
$10.84 B48as on Dec 31, 2022
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Net Profit
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EBITDA
$109.7 M14as on Dec 31, 2022
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Latest Funding Round
$200 M (USD), Debt – Conventional
Jul 22, 2019
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Investors
bp
& 6 more
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Employee Count
Employee Count
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Investments & Acquisitions
Gas Mart Usa
& 4 more
- Acquired by
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Products & Services of TravelCenters of America
TravelCenters of America offers a comprehensive portfolio of products and services, including TA Truck Service, Fuel and DEF, and UltraONE Loyalty Program. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Truck repair and maintenance services are provided nationwide.
Fuel and diesel exhaust fluid are offered widely.
Rewards and discounts are provided through loyalty membership.
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Funding Insights of TravelCenters of America
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $200.0M
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First Round
First Round
(01 Oct 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Debt – Conventional - TravelCenters of America | Valuation |
investors |
|
| Oct, 2015 | Amount | Debt – Conventional - TravelCenters of America | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TravelCenters of America
TravelCenters of America has secured backing from 7 investors, including institutional investors. Prominent investors backing the company include bp, Siemens and Bank of America. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial bank
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Founded Year | Domain | Location | |
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Commercial banking and financial services are provided globally.
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Founded Year | Domain | Location | |
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Commercial banking and asset management services are offered worldwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TravelCenters of America
TravelCenters of America has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Gas Mart Usa, Johnson's Corner and Minit Mart. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Operator of gas and convenience stores
|
2012 | ||||
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Owns, operates, and franchises a chain of family restaurants in the United States
|
1974 | ||||
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Grocery and food products are distributed by Minit Mart.
|
1967 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - TravelCenters of America
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Travelcenters Of America Comparisons
Competitors of TravelCenters of America
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about TravelCenters of America
When was TravelCenters of America founded?
TravelCenters of America was founded in 1972 and raised its 1st funding round 43 years after it was founded.
Where is TravelCenters of America located?
TravelCenters of America is headquartered in Westlake, United States.
What is the annual revenue of TravelCenters of America?
Annual revenue of TravelCenters of America is $10.84B as on Dec 31, 2022.
What does TravelCenters of America do?
TravelCenters of America is managed as a leading network of truck stops and travel centers across the United States. Services are provided to professional drivers and fleets, including fuel, diesel exhaust fluid (DEF), truck repair, and maintenance through TA Truck Service. Additional amenities such as parking, showers, and food options are offered at various locations. The company operates under brands like TA, Petro Stopping Centers, and TA Express, catering to the trucking industry with a focus on convenience and efficiency. The UltraONE loyalty program is implemented to reward frequent customers with discounts and benefits. Operations are extended to support sustainability and community initiatives as part of the corporate mission.
What products or services does TravelCenters of America offer?
TravelCenters of America offers TA Truck Service, Fuel and DEF, and UltraONE Loyalty Program.
How many acquisitions has TravelCenters of America made?
TravelCenters of America has made 5 acquisitions, including Gas Mart Usa, Johnson's Corner, and Minit Mart.
Who are TravelCenters of America's investors?
TravelCenters of America has 7 investors. Key investors include bp, Siemens, Bank of America, Citi, and US Bank.