Quaker Steak & Lube Receives Acquisition Bid From TravelCenters Of America
Leading Travel Center, C-Store and Foodservice Operator Plans to Purchase Company Assets and Ignite Growth
Sharon, PA (RestaurantNews.com) Quaker Steak & Lube® announced today that TravelCenters of America LLC (NYSE: TA) has agreed to acquire Quaker Steak & Lube’s restaurant and related assets for approximately $25 million.
Founded in 1974, Quaker Steak & Lube® has more than 50 locations across 16 states. TA, a Fortune 500 publicly-traded company, operates over 500 full and quick serve restaurants, principally located in 253 full-service travel centers and 184 convenience stores in 43 states.
“TravelCenters of America brings in-depth experience and resources to…