About Travelcenters of America LLC

TravelCenters of America (TCA) is in the fuel, food, and relaxation business for the long haul. The company's network of more than 250 interstate highway travel centers in more than 43 US states and Ontario, Canada, is one of the largest of its kind in North America. Its TCA and Petro locations provide fuel, fast-food and sit-down restaurants (Country Pride, Buckhorn Family), convenience stores, and lodging. With professional truck drivers as its main customers, some outlets also offer "trucker-only" services, such as laundry and shower facilities, TV rooms, and truck repair. TCA leases about 160 of its locations from Hospitality Properties Trust (HPT), its largest shareholder.

Operations

As part of its business, TCA operates and franchises travel centers under two brands: TravelCenters of America with about 180 locations and Petro Stopping Centers (acquired in 2007) with more than 75 locations, about 30 of which are company-operated. TCA also operates "RoadSquad," the largest nationwide emergency roadside service network, with approximately 600 heavy-duty emergency vehicles.

While TCA offers food to fuel truck drivers and motorists, about 65% of the company's revenue comes from the sale of fuel for vehicles. The rest comes from human food and other items sold in it stores.

The Travel Centers segment contributes about 85% of TCA's revenue. The Convenience Stores segment (about 15% of revenue) operates convenience stores with retail gasoline stations, primarily under the Minit Mart brand name, are not located at a travel center.

Geographic Reach

The company operates and franchises a total of 540 travel center, standalone convenience store, and standalone restaurant locations in the US and Canada.

Sales and Marketing

TCA caters to professional truck drivers and travelers who rely on gas stations and convenience stores while on the road. Customers include trucking fleets and their drivers, independent truck drivers, and motorists.

Financial Performance

TCA revenue has been decreasing over the past several years, except for an increase in fiscal 2012. In fiscal 2016, TCA's revenues dropped by 5.8% compared to the prior fiscal period, largely due to a decrease in fuel revenue. Nonfuel revenues for 2016 increased by 10.2%, compared to 2015, primarily as a result of acquired locations.

The drop in revenue during fiscal 2016 led to TCA suffering a net loss of $2 million. TCA reported $27 million in net income for fiscal 2015.

In fiscal 2016 TCA's operating cash decreased by $25 million compared to the previous fiscal period.

Strategy

TCA is building its cross-country network of travel centers through acquisitions (by opportunistically buying up smaller competitors) and by opening new locations. In the past five years he company has acquired and developed 318 travel centers, convenience stores, and standalone restaurants. It has invested roughly $855 million to develop, purchase, and improve locations.

In 2016, the company opened a new travel center in Wilmington, Illinois. In 2015 TCA opened a new TA Truck Service facility in Columbia, South Carolina, and a Popeyes Louisiana Kitchens restaurant in Lincoln and Tuscaloosa, Alabama, and Coachella, California.

With fuel accounting for such a large portion of its total sales, TCA is vulnerable to wild swings in prices. (About 90% of TCA's historical fuel sales are diesel, while 10% are gasoline. The company sells biodiesel at some locations.

Mergers and Acquisitions

In 2016 TCA acquired seventeen convenience stores located in Wisconsin. The company expects the convenience stores, formerly known as Quality State Oil, to be rebranded as Minit Mart convenience stores.

TCA acquired Quaker Steak & Lube casual dining restaurants and other assets in 2015, including existing restaurant operations, restaurant franchise program and bottled sauces for retail sale business, for $25 million. Quaker Steak & Lube had more than 50 locations, most of them franchised, in 16 states, mostly in Pennsylvania and Ohio. TCA will convert some of its full service restaurants to the Quaker Steak & Lube brand and expand the number of franchises and the number of stand-alone company restaurants.

In 2015 the company also acquired five convenience stores in Illinois, four in Kansas and Missouri, 10 in Ohio, and additional convenience stores in Kentucky.

- Show Less + Show Full Description

Company News and Press Releases

- Show Less + Show More News and Press Releases

Travelcenters of America LLC

24601 Center Ridge Rd #200
Westlake, OH 44145-5634
Phone: 1 (440) 808-9100

Stats

  • Employer Type: Public
  • Stock Symbol: TA
  • Stock Exchange: NASDAQ
  • Managing Director, President, and CEO: Thomas M. O'Brien
  • EVP, CFO, and Treasurer: Andrew J. Rebholz
  • EVP Operations: Barry A. Richards
  • 2016 Employees: 25,204

Major Office Locations

  • Westlake, OH

Other Locations

  • Cottondale, AL
  • Mc Calla, AL
  • Shorter, AL
  • Little Rock, AR
  • Prescott, AR
  • West Memphis, AR
  • Eloy, AZ
  • Kingman, AZ
  • Tonopah, AZ
  • Willcox, AZ
  • Arvin, CA
  • Barstow, CA
  • Buttonwillow, CA
  • Coachella, CA
  • Corning, CA
  • Gustine, CA
  • Lebec, CA
  • Menlo Park, CA
  • Ontario, CA
  • Redding, CA
  • Commerce City, CO
  • Limon, CO
  • Loveland, CO
  • Wheat Ridge, CO
  • Branford, CT
  • Milldale, CT
  • West Willington, CT
  • Jacksonville, FL
  • Marianna, FL
  • Reddick, FL
  • Seffner, FL
  • Vero Beach, FL
  • Wildwood, FL
  • Brunswick, GA
  • Commerce, GA
  • Jackson, GA
  • Madison, GA
  • Council Bluffs, IA
  • Walcott, IA
  • Boise, ID
  • Ashkum, IL
  • Bloomington, IL
  • Bourbonnais, IL
  • Bradley, IL
  • Braidwood, IL
  • Coal City, IL
  • Effingham, IL
  • Elwood, IL
  • Eureka, IL
  • Grand Ridge, IL
  • Hampshire, IL
  • Joliet, IL
  • Lacon, IL
  • Manteno, IL
  • Minooka, IL
  • Monee, IL
  • Morris, IL
  • Mount Vernon, IL
  • Ottawa, IL
  • Pekin, IL
  • Russell, IL
  • South Wilmington, IL
  • Wilmington, IL
  • Chesterton, IN
  • Demotte, IN
  • Gary, IN
  • Gaston, IN
  • Lake Station, IN
  • Seymour, IN
  • De Soto, KS
  • Lebo, KS
  • Overland Park, KS
  • Salina, KS
  • Auburn, KY
  • Bowling Green, KY
  • Calvert City, KY
  • Campbellsville, KY
  • Florence, KY
  • Glasgow, KY
  • Greenville, KY
  • Harrodsburg, KY
  • Jamestown, KY
  • Lexington, KY
  • Scottsville, KY
  • Walton, KY
  • Hammond, LA
  • Lafayette, LA
  • Shreveport, LA
  • Tallulah, LA
  • Baltimore, MD
  • Elkton, MD
  • Jessup, MD
  • Battle Creek, MI
  • Bridgeport, MI
  • Dearborn Heights, MI
  • Dexter, MI
  • Monroe, MI
  • Sawyer, MI
  • Carlton, MN
  • Cloquet, MN
  • Duluth, MN
  • Floodwood, MN
  • Two Harbors, MN
  • Blue Springs, MO
  • Concordia, MO
  • Foristell, MO
  • Kingdom City, MO
  • Matthews, MO
  • Mount Vernon, MO
  • Jackson, MS
  • Meridian, MS
  • Candler, NC
  • Mebane, NC
  • Ogallala, NE
  • Greenland, NH
  • Bloomsbury, NJ
  • Bordentown, NJ
  • Columbia, NJ
  • Paulsboro, NJ
  • Albuquerque, NM
  • Gallup, NM
  • Las Cruces, NM
  • Milan, NM
  • Santa Rosa, NM
  • Imlay, NV
  • Las Vegas, NV
  • Sparks, NV
  • Binghamton, NY
  • Dansville, NY
  • Fultonville, NY
  • Maybrook, NY
  • Montgomery, NY
  • Waterloo, NY
  • Ashland, OH
  • Eaton, OH
  • Girard, OH
  • Hebron, OH
  • Jeffersonville, OH
  • Kingsville, OH
  • Lodi, OH
  • New Paris, OH
  • North Baltimore, OH
  • North Canton, OH
  • Perrysburg, OH
  • Seville, OH
  • Wapakoneta, OH
  • Youngstown, OH
  • Oklahoma City, OK
  • Sayre, OK
  • Eugene, OR
  • Phoenix, OR
  • Troutdale, OR
  • Bloomsburg, PA
  • Breezewood, PA
  • Brookville, PA
  • Erie, PA
  • Greencastle, PA
  • Harrisville, PA
  • Lamar, PA
  • Milesburg, PA
  • West Greenwich, RI
  • Florence, SC
  • Manning, SC
  • Antioch, TN
  • Denmark, TN
  • Franklin, TN
  • Greeneville, TN
  • Kingston Springs, TN
  • Knoxville, TN
  • La Vergne, TN
  • Pioneer, TN
  • Amarillo, TX
  • Baytown, TX
  • Beaumont, TX
  • Big Spring, TX
  • Canutillo, TX
  • Dallas, TX
  • Edinburg, TX
  • El Paso, TX
  • Ganado, TX
  • Hillsboro, TX
  • Laredo, TX
  • New Braunfels, TX
  • Pearsall, TX
  • Rockwall, TX
  • San Antonio, TX
  • Terrell, TX
  • Weatherford, TX
  • Tooele, UT
  • Ashland, VA
  • Lexington, VA
  • Wytheville, VA
  • North Bend, WA
  • Spokane, WA
  • Balsam Lake, WI
  • Deforest, WI
  • Hudson, WI
  • Janesville, WI
  • Luck, WI
  • Superior, WI
  • Webster, WI
  • Woodville, WI
  • Hurricane, WV
  • Valley Grove, WV
  • Burns, WY
  • Fort Bridger, WY
  • Laramie, WY
  • Rawlins, WY
- Show Less + Show More