OKLAHOMA CITY -- Love’s Travel Stops & Country Stores and Bridgestone Americas have reached an agreement for Love’s to purchase Speedco, a national network of service locations that provides quick lube and inspection services to the trucking industry.
Recently, Love’s added diesel oil-change facilities to more than 130 Love’s Truck Tire Care locations nationwide. Since its introduction in 2008, Love’s Truck Tire Care units have developed into full-service maintenance operations.
The Speedco acquisition will combine the two highway-service-industry brands and 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 Speedco organization shares our commitment to providing reliable, high-quality and convenient services to truck drivers and fleets across the country,” said Tom Love, founder and executive chairman for Love’s. “The addition of the Speedco locations to Love’s is an important step in continuing to provide the highest standard of service to the trucking industry.”
For more than 25 years, Speedco has focused on providing the trucking industry with high-speed preventative maintenance services, becoming a leader in lube services at highway locations across the United States. Since 2007, Speedco has operated as a subsidiary of Nashville, Tenn.-based Bridgestone Americas Inc., the U.S. subsidiary of Bridgestone Corp., a provider of tire and rubber products and services.
“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,” said Bill Thompson, chief operating officer for Bridgestone Americas. “We are excited to continue our relationship with Love’s as a valued partner in the strong Bridgestone distribution network.”
The transaction is subject to regulatory approvals and other closing conditions.
Prior to closing, Speedco and Love’s will continue to operate as separate companies and conduct business as usual.
Oklahoma City-based Love’s has more than 430 locations in 41 states. It provides professional truck drivers and motorists with 24-hour access to purchase gasoline, diesel fuel, travel items, electronics and more, as well as a selection of restaurant offerings. On-site Love’s Truck Tire Care centers offer roadside assistance, tire care and light mechanical services for professional drivers. It offers showers, CAT scales and other services.