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WESTLAKE, Ohio -- TravelCenters of America (TA) will acquire Rip Griffin's Travel Centers' 11 full-service interstate locations in Texas, California, New Mexico, Arizona, Colorado, Wyoming and Arkansas. The acquisition will expand the TA network to 160 locations across the United States and Canada.
"We are very pleased to bring these Rip Griffin facilities into the TravelCenters of America network," said Ed Kuhn, chairman and CEO of TravelCenters of America. "Rip Griffin serves an important geographic segment that complements our existing network. This acquisition fits perfectly into our long-term strategy of growth and increases our presence as the leader in full-service travel centers."
B. R. (Rip) Griffin, CEO and founder of Rip Griffin, said, "TA, as well as Rip Griffin, has long been known as a leader in this industry and embodies our own high standards. We are very pleased to become a part of the TA network, which will allow us to continue our fine tradition of excellent service and hospitality. This change will also help ensure continuing development and opportunity for our employees."
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.