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Love’s Acquires Speedco from Bridgestone Americas

September 15, 2017

Photo via Love's Travel Stops
Photo via Love's Travel Stops

Love’s Travel Stops and Bridgestone Americas 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.

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 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 of 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.”

Bridgestone Americas Holding got Speedco as part of its $1.05 billion acquisition of Bandag Inc. in 2007.

Prior to closing on the transaction, Speedco and Love’s will continue to operate as separate companies. During this transition period, Speedco will conduct business as usual.

“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, Bridgestone Americas. “We are excited to continue our relationship with Love’s as a valued partner in the strong Bridgestone distribution network.”

Comments

  1. 1. Kenny scott [ September 18, 2017 @ 04:24AM ]

    I guess there are no laws to protect the costumer anymore. You can see how all the good truck stops are being wipe out by the big three travel centers( which travel center means we don't give a dam about truckers and we will price gouge diesel and on everything else) big money always destroys the good. Today Ceos are the worst.

  2. 2. RAR [ September 18, 2017 @ 06:15AM ]

    I never liked Speedco or Loves, maybe this will help.

    Loves fuel sucks and Speedco has always been a ripoff. If these places want Owner-Operator business, they have to stop ripping us off, give better service and actually address our needs, NOT JUST PROFIT

  3. 3. jack [ September 18, 2017 @ 07:11AM ]

    GOD DAMN IT!! First overdrive and truckers news are paid to promote Love's. Now This news letter is. What the fuck? How much money is Love's throwing at you guys?

 

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