Petroleum (MAP), through its wholly owned retail unit Speedway SuperAmerica
(SSA) LLC, and Pilot Corp. have finalized a transaction combining their travel
center operations into Pilot Travel Centers LLC. The first day of operations
for the new company was Sept. 1.
MAP and Pilot
will each have a 50 percent interest in Pilot Travel Centers LLC. The new venture
reportedly creates the largest travel center network in the nation with more
than 235 locations. The new company, based in Knoxville, TN, will have about
SSA is the nation's second largest company owned and operated convenience store
chain with more than 2,250 stores located in 20 states. Most of the stores are
operated under the Speedway and SuperAmerica brand names. The privately owned
Pilot Corp., based in Knoxville, operates about 70 convenience stores in Tennessee
and Virginia, in addition to about 140 travel centers.