LV Petroleum Completes Acquisition of Multi-Site Travel Center Portfolio

Downstream Energy Group, a leading advisory firm specializing in mergers and acquisitions, is pleased to announce that it acted as the exclusive M&A advisor in the successful acquisition of a multi-site travel center portfolio.  The transaction, encompassing two strategically located travel centers in the mid-continent region, represents a significant transaction in the travel center industry.

“This strategic acquisition is a transformative step for LVP as we continue to deliver on our promise to provide exceptional service and innovative solutions to travelers. These travel centers represent key hubs for convenience and connectivity, and we are excited to integrate them into our network” said Quyntyn Johnson, President of LV Petroleum.

LV Petroleum has actively expanded its presence in the travel center industry through strategic acquisitions and partnerships.  In 2024, LVP acquired a multi-site travel center portfolio (Railroad Pass Travel Center and Eldorado Pass Travel Center) located outside of Las Vegas, NV, along with other single site acquisitions throughout the United States. As of January 2025, LVP operates 30 travel centers, has six large-format new-to-industry travel centers under development and a growth pipeline consisting of single-site acquisitions. LVP’s strategic initiatives and partnerships have positioned it as a significant player in the travel center industry, contributing to its rapid growth and expansion across various markets.

DEG provided exclusive merger and acquisition advisory services to LV Petroleum. DEG is a leading M&A advisory firm providing services to convenience store, travel center and wholesale distribution companies within the downstream energy sector and is comprised of professionals who have decades of experience as both owner/operators and strategic financial advisors to energy companies.

In its capacity as M&A advisor, DEG conducted a thorough strategic review of the target acquisition, which included providing valuation services, designing, implementing, and managing the acquisition process.

“LVP is acquiring two high-profile travel centers that will further strengthen their growing footprint throughout the United States,” said Jeff Traub, Partner at DEG. “The principals of LV Petroleum have built an exceptional business, and it has been an honor to represent them in this transaction.”

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