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Joele Frank handles Travel Centers of America as the nation’s biggest truck stop/convenience store chain gets acquired by British energy giant BP in a deal pegged at $1.3B.
BP is shelling out $86 cash per share for TA, which represents a whopping 84 percent premium over its 30-day average trading priced ended Feb. 15.
TA CEO Jonathan Pertchik said BP’s offer follows “the successful implementation of our turnaround and strategic plans,” which includes the launch of the eTA alternative fuels program.
The Westlake, OH-based company posted a 54.7 percent revenue boost to $8.2B during the nine-month period ended Sept. 30. Net income soared 158.4 percent to $117.2M.
TA, which operates 281 truck stops in 44 states, had received unsolicited takeover bids from companies other than BP.
Joele Frank, Wilkinson Brimmer Katcher has Andrew Segel and Jack Kelleher representing TA.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
