TravelCenters of America says it has agreed to buy the restaurant chain Quaker Steak & Lube for $25 million. Quaker, which is currently in bankruptcy proceedings, has more than 50 locations in 16 states, many in Pennsylvania and Ohio.
Quaker Steak’s website says the restaurant’s name is a play on the motor oil company, and the restaurants are known for their automotive decor and their famous chicken wings.
In a statement from TA, the truck stop chain says it will convert some of its existing Country Pride restaurants into Quakers while expanding the franchise and stand-alone restaurants over time. The deal is subject to bankruptcy court approval.
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