TA Buys Griffin Chain
Westlake, OH-based TravelCenters of America (TA) is buying a national chain of 11 truckstops owned by Rip Griffin Truck Service Center for an undisclosed sum. The move will expand TA's network into areas of the western and Southwestern U.S. it currently doesn’t serve.
“Rip Griffin serves an important geographic segment that complements our existing network. This acquisition fits … into our long-term strategy of growth … and strengthens our network's ability to serve fleets and motorists alike,” said Ed Kuhn, chairman & CEO.
The 11 Rip Griffin full-service travel centers TA is buying – which generated $250 million last year – are located in Texas, California, New Mexico, Arizona, Colorado, Wyoming and Arkansas. Their addition will expand TA’s network to 160 locations across the U.S. and Canada, the company said.
TA added that all Rip Griffin Travel Centers' employees would be offered positions with TA and that the sale does not include Rip Griffin off-interstate travel center properties or gasoline convenience store locations in Texas.