On Wednesday, Love’s announced the acquisition of an Oklahoma-based travel stop and convenience store chain.
Love’s recently acquired EZ GO from Oklahoma-based Carey Johnson Oil Company. The financial terms of the acquisition were not disclosed.
The acquisition will include six travel stops located on Oklahoma turnpikes, five on the Kansas turnpike and 11 convenience stores in Oklahoma and Nebraska, the company said in a news release.
The stores are to be rebranded as Love’s locations within the next year.
Love’s notes that this is the first time that their brand will include Turnpike locations.
“We are excited to add locations in Oklahoma, Kansas and Nebraska and welcome nearly 400 new team members to the Love’s Family of Companies,” said Shane Wharton, president of Love’s. “The opportunity to expand into serving commercial and casual customers on the two state turnpikes supports our strategic priority of pursuing adjacent acquisition opportunities. In addition to being family-owned, we share a similar culture with the seller in that we operate on a customer-centric model focused on an extensive assortment of products, superior customer experience and inviting environment.”
Earlier this week, Love’s announced that the company plans to spend a billion dollars over the next five years upgrading 200 stores.
Love’s was founded in 1964 and currently operates 610 Love’s locations in 42 states and 22 EZ GO locations.