Love’s Reaches Agreement to Buy Speedco
Love’s Travel Stops & Country Stores reached an agreement to purchase Speedco, a national network of service locations that provides quick lube and inspection services to the trucking industry and is a unit of Bridgestone Americas Inc.
Terms were not available.
The acquisition will add 52 trucking service and lube locations to the Love’s network, bringing the number of Love’s operated tire service and lube facilities to 323, the Oklahoma City-based company said.
“Speedco is a strong commercial retail service business, and Love’s is the right partner to build on Speedco’s success and ensure a great future for Speedco employees,” Bill Thompson, chief operating officer at Bridgestone Americas, said in a statement. “We are excited to continue our relationship with Love’s as a valued partner in the strong Bridgestone distribution network.”
Love's acquires @SpeedcoPM from Bridgestone Americas, which enables growth and additional services to Customers https://t.co/GzzaPfBKiH pic.twitter.com/tRhYPsAouz — Love's Travel Stops (@LovesTravelStop) September 15, 2017
Love’s has more than 430 locations in 41 states. Its Truck Tire Care centers offer roadside assistance, tire care and light mechanical services for professional truck drivers, according to the company.
“The Speedco organization shares our commitment to providing reliable, high-quality and convenient services to truck drivers and fleets across the country,” Tom Love, founder and executive chairman for Love’s, said in a statement.
