Love’s Finalizes Purchase of Trillium CNG
Love’s Travel Stops reported that it finalized its acquisition of Trillium CNG and Trillium's 37 compressed natural gas fueling stations and related services.
No financial details were made available.
Trillium CNG provides fuel for thousands of natural-gas vehicles daily and delivers more than 55 million gallons of CNG per year, according to Love's.
“This acquisition shows Love’s has a long-term commitment to CNG,” Frank Love, co-CEO of Love’s, said in a statement. “Together with Trillium, we can help new and existing customers extend their commitment to CNG. We will continue to make investments in the alternative fuel industry to give customers more access to a cleaner-burning fueling solution with a stable cost.”
The Oklahoma City-based company said its customers will benefit from Trillium’s expertise and Trillium customers can take advantage of Love’s offerings such as the My Love Rewards loyalty program, Love’s Truck Tire Care, Love’s financial services and Love’s 28 existing CNG locations.
The U.S. truck-stop industry has three large chains and many smaller participants. Love's ranks No. 2 — with its 370 locations — among the industry's Big Three, when measuring by number of locations.
Pilot Flying J has about 650 travel plazas and offers propane at some, according to its website. TravelCenters of America had 252 stations in 43 states as of Dec. 31, according to the company's filing with the Securities and Exchange Commission.
TravelCenters and Shell Oil Co. plan to develop a nationwide network of full-service liquefied natural gas fueling centers for "heavy-duty road transport customers,” according to the TA website.
