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TravelCenters of America history
TravelCenters of America company history timeline
In 1972, the first chain truck stop opened its doors.
In 1975, Petro was founded.
Standard Oil of Ohio acquired the chain in 1984.
After Standard Oil was purchased by BP, the multinational oil and gas company sold TA to Clipper Group in 1993.
By 2000, the company had 160 locations in 40 United States states, 12,500 employees, and annual sales of $1.5 billion.
TA was acquired by Oak Hill Capital Partners in 2000.
In 2006, Hospitality Properties Trust (HPT) agreed to acquire the company for approximately $1.9 billion.
In May 2007, TA acquired the operating businesses of the El Paso-based Petro Stopping Centers, and leased 40 Petro locations from HPT.
TA fundraises for the St Christopher Truckers Development and Relief Fund, which helps truck drivers who struggle financially as the result of health issues, annually since 2010.
TA continued operating as a fully owned subsidiary of HPT, which continued to be TA's largest shareholder, as of mid 2015.
The company has also focused on providing truckers with electronic logging devices, following a mandate issued by the Federal Motor Carrier Safety Administration in 2015.
In November 2017, president and CEO Thomas O'Brien announced his resignation effective December 31.
TA ranked number 17 in CSP magazine's late 2017 list of the largest United States convenience store chains.
Andrew Rebholz became CEO in early 2018, having previously served as EVP, CFO, and treasurer.
TA sold its Minit Mart brand by the end of 2018.
The company has been included on the Fortune 500 list for ten years, and ranks #470, as of 2018.
In December 2019, Jon Pertchik was appointed as chief executive officer upon Andrew Rebholz resignation.
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TravelCenters of America competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Pilot Flying J | 1958 | $21.2B | 26,001 | 1,420 |
| Kroger | 1883 | $147.1B | 465,000 | 11,165 |
| Sears Holdings | 2005 | $1.4B | 85,000 | 430 |
| The Home Depot | 1978 | $159.5B | 500,001 | 22,100 |
| CarMax | 1993 | $26.4B | 27,001 | 610 |
| Big Lots | 1967 | $4.7B | 22,900 | - |
| Vudu | 2004 | - | 180 | - |
| Whole Foods Market | 1978 | $16.0B | 91,000 | 1,639 |
| Speedway | 1952 | $23.6B | 40,230 | 7 |
| Love's Travel Stops & Country Stores | 1964 | $20.6B | 27,000 | 8,954 |
TravelCenters of America history FAQs
Zippia gives an in-depth look into the details of TravelCenters of America, including salaries, political affiliations, employee data, and more, in order to inform job seekers about TravelCenters of America. The employee data is based on information from people who have self-reported their past or current employments at TravelCenters of America. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by TravelCenters of America. The data presented on this page does not represent the view of TravelCenters of America and its employees or that of Zippia.
TravelCenters of America may also be known as or be related to TravelCenters of America, TravelCenters of America Inc, TravelCenters of America Inc., TravelCenters of America LLC, Travelcenters Of America and Travelcenters of America LLC.