Pilot Flying J and Speedway LLC have entered into a joint venture
OREANDA-NEWS. Pilot Flying J and Speedway LLC (Speedway) have entered into a joint venture consisting of 120 travel plazas, primarily in the Southeast United States. The new entity, PFJ Southeast LLC, will initially consist of 41 locations contributed by Speedway and 79 locations contributed by Pilot Flying J, all of which will carry either the Pilot or Flying J brand and will be operated by Pilot Flying J.
This venture will better serve guests in the high growth Southeast region of the United States by investing in upgrades and renovations of the 41 locations contributed by Speedway. These locations will provide additional parking for guests with a variety of food choices and dining options. All locations will honor the Pilot Flying J MyRewards loyalty card, through which members can earn points through fuel purchases to redeem for retail and restaurant discounts.
"This is another exciting chapter in a long-standing relationship between Pilot Flying J and Speedway," said Ken Parent, president of Pilot Flying J. "We look forward to providing an exceptional offering of products and services to our guests in the Southeast region."
"Speedway's core dedication to customer service, combined with Pilot Flying J's expertise as an exceptional travel center operator, will make PFJ Southeast LLC a premier choice for professional drivers throughout the Southeast," said Tony Kenney, president of Speedway. "We will be able to provide additional amenities to our customers under the Pilot and Flying J brands and better service drivers in this region overall."
This transaction is subject to customary closing conditions and regulatory clearances.
About Pilot Flying J
Pilot Flying J, the largest operator of travel centers in North America, is committed to making life better for professional drivers. Headquartered in Knoxville, Tennessee, Pilot Flying J has more than 650 retail locations, 52 Goodyear Commercial Tire and Service Centers (Wingfoot) and 44 Boss Shops, all of which accept MyRewards cards for Pilot Flying J's loyalty program. The Pilot Flying J network provides drivers with access to more than 70,000 parking spaces for trucks, 4,800 showers and more than 4,400 diesel lanes offering Diesel Exhaust Fluid (DEF) at the pump. Pilot Flying J is currently ranked No. 8 on Forbes' list of America's Largest Private Companies.
About Speedway
Speedway LLC (Speedway), headquartered in Enon, Ohio, is the nation's second largest company-owned and -operated convenience store chain with approximately 2,770 stores located in 22 states. Speedway is a wholly owned subsidiary of Marathon Petroleum Corporation (NYSE: MPC).
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