LV Petroleum Successfully Completes Acquisition of Multi-Site Travel Center Portfolio

Las Vegas, NV – Downstream Energy Group (“DEG”), a leading advisory firm specializing in mergers and acquisitions, is pleased to announce that it acted as the exclusive M&A advisor in the successful acquisition of a multi-site travel center portfolio.  The transaction, encompassing two strategically located travel centers in the mid-continent region, represents a significant transaction in the travel center industry.

Transaction Highlights:

• Buyer: LV Petroleum (“LVP”) is a prominent travel center operator and key franchisee of TravelCenters of America (TA).  LVP, headquartered in Las Vegas, Nevada, operates over 30 travel centers and 71 quick-service restaurants, providing services and amenities across 17 states nationwide.
• Seller: Wilmoth Oil Company, LLC
• Portfolio Overview:
  1. Ozarks Travel Center (1501 E Mount Vernon Blvd, Mt Vernon, MO): full-service TA branded travel center with 225 truck parking spots, nine diesel lanes, three truck service bays, six showers, three food concepts (Wendy’s, Subway and a BBQ food concept), and 26 gas MPDs
  2. TA Strafford (225 E Evergreen St, Strafford, MO): full-service TA branded travel center with 130 truck parking spots, eight diesel lanes, two truck service bays, eight showers, two food concepts (Taco Bell and Subway), and four gas MPDs

“This strategic acquisition is a transformative step for LVP as we continue to deliver on our promise to provide exceptional service and innovative solutions to travelers. These travel centers represent key hubs for convenience and connectivity, and we are excited to integrate them into our network” said Quyntyn Johnson, President of LV Petroleum.

LV Petroleum has actively expanded its presence in the travel center industry through strategic acquisitions and partnerships.  In 2024, LVP acquired a multi-site travel center portfolio (Railroad Pass Travel Center and Eldorado Pass Travel Center) located outside of Las Vegas, NV, along with other single site acquisitions throughout the United States. As of January 2025, LVP operates 30 travel centers, has six large-format new-to-industry travel centers under development and a growth pipeline consisting of single-site acquisitions. LVP’s strategic initiatives and partnerships have positioned it as a significant player in the travel center industry, contributing to its rapid growth and expansion across various markets.

DEG provided exclusive merger and acquisition advisory services to LV Petroleum. DEG is a leading M&A advisory firm providing services to convenience store, travel center and wholesale distribution companies within the downstream energy sector and is comprised of professionals who have decades of experience as both owner/operators and strategic financial advisors to energy companies.

In its capacity as M&A advisor, DEG conducted a thorough strategic review of the target acquisition, which included providing valuation services, designing, implementing, and managing the acquisition process.

“LVP is acquiring two high-profile travel centers that will further strengthen their growing footprint throughout the United States,” said Jeff Traub, Partner at DEG. “The principals of LV Petroleum have built an exceptional business, and it has been an honor to represent them in this transaction.”

About LV Petroleum

LV Petroleum (“LVP”) is a prominent travel center operator and key franchisee of TravelCenters of America (TA).  LVP operates over 30 travel centers and 71 quick-service restaurants under 22 franchise food brands, providing services and amenities across 17 states in the United States.  LVP’s foodservice operations are a cornerstone of its business, offering a diverse and extensive quick-service restaurant (QSR) offerings under leading national franchise food brands, such as Arby’s, Bojangles, KFC, Starbucks, Taco Bell, Dunkin’ Donuts, Black Bear Diner, Sbarro, Carl’s Jr., Jimmy John’s, Subway and more.  LVP’s foodservice team, led by Jeanette Davis, brings over 30 years of expertise in the QSR industry, enabling the company to consistently deliver exceptional service, operational efficiency, and a strong customer experience.  LVP has been recognized as the number one franchisee for TA in 2021 and 2022.  In addition to their travel center operations, LVP operates 35 convenience stores located in Nevada and Arizona.  To learn more, visit www.lvpetroleum.net

About Downstream Energy Group

Downstream Energy Group is an independent, privately held advisory team providing national mergers & acquisitions (M&A) and strategic advisory services in the energy sector. We specialize in the sale of gas & convenience, travel centers, wholesale bulk distribution (fuel & lubes), propane, and petro-transportation companies. Our team uniquely understands your business through our years of direct operating experience managing both fully integrated wholesale and retail gas & convenience operations. More information can be found at www.degadvisors.com

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