LV Petroleum Expands Network with Travel Center Acquisition
Deal News | Jan 24, 2025 | EIN
LV Petroleum has successfully completed the acquisition of a multi-site travel center portfolio in the mid-continent region. Downstream Energy Group acted as the exclusive M&A advisor for this transaction, strengthening LVP's position in the travel center industry. This acquisition is a significant strategic move for LV Petroleum, aligning with its expansion goals and commitment to providing superior service and innovative solutions for travelers. LV Petroleum has been actively growing its footprint with strategic acquisitions and currently operates 30 travel centers with six new developments underway. Downstream Energy Group facilitated the acquisition by conducting a comprehensive strategic review, valuation, and management of the acquisition process.
Sectors
- Downstream Energy
- Mergers and Acquisitions
Geography
- United States – The focus of LV Petroleum’s acquisition and operations is across multiple travel centers within the United States.
- Mid-continent Region – This is where the newly acquired travel center portfolio is located, highlighting the geographical significance of the transaction.
Industry
- Downstream Energy – Relevant because LV Petroleum operates within the travel center segment of the downstream energy industry, focusing on delivering convenience and fuel services.
- Mergers and Acquisitions – Involves strategic advisory and transactional services provided for the acquisition, emphasized by the role of Downstream Energy Group in the process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LV Petroleum | Buyer | Company | A company engaged in the acquisition and operation of travel centers, expanding its network in the United States. |
| Downstream Energy Group | M&A Advisor | Company | An advisory firm specializing in mergers and acquisitions within the downstream energy sector, providing strategic advisory services for the acquisition. |
| Quyntyn Johnson | President | Person | President of LV Petroleum, speaking on the strategic importance of the acquisition. |
| Jeff Traub | Partner | Person | Partner at Downstream Energy Group, commenting on the acquisition's significance. |