TravelCenters of America (TA) and Truck Service Center, Inc. (Rip Griffin) announced today that TA will acquire Rip Griffin's 11 interstate travel centers
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TA's purchase of 11 travel centers in Texas, California, New Mexico, Arizona, Colorado, Wyoming and Arkansas will expand the TA network to 160 locations across the U.S. and Canada.
"Rip Griffin is a well-respected company with high service standards and very dedicated employees. These 11 sites and their employees will be a great addition to our Company," said TA Chairman and CEO Ed Kuhn.
B. R. (Rip)Griffin, CEO and founder of Rip Griffin said, "Over 40 years ago, I began this company with a three-pump gasoline station. It has since grown to a $250 million organization serving thousands of professional drivers and highway travelers in the American Southwest."
Rip Griffin Travel Centers' employees will be offered positions with TA. The sale does not include the Rip Griffin off-interstate travel center properties or gasoline convenience store locations across Texas.
Subject to customary regulatory approvals, the transaction is expected to close by the end of the year. Financial details of the acquisition were not immediately disclosed.
For more information, visit www.tatravelcenters.com.