Quaker Steak & Lube company logo

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quakersteakandlube.com

Founded Year

1973

Stage

Asset Sale | AssetsPurchased

About Quaker Steak & Lube

Quaker Steak & Lube is a restaurant franchise with concepts in design (NASCAR, motorcycle, speed/motor decor), food (16 sauces), and promotional events (All-users-Can-Eat specials, Bike nights, car shows, local community events).

Quaker Steak & Lube Headquarter Location

101 Chestnut Street

Sharon, Pennsylvania, 16146,

United States

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Latest Quaker Steak & Lube News

TravelCenters of America Completes Sale of Standalone Restaurant Business

Apr 23, 2021

The 42 locations are primarily branded as Quaker Steak & Lube. WESTLAKE, Ohio — TravelCenters of America Inc. (TA) is out of the standalone restaurant business. The travel center operator completed the sale of 42 locations primarily branded as Quaker Steak & Lube for aggregate proceeds of $5 million. "This strategic divestment is a significant step in support of TA's strategy to be a more focused leader in the travel center industry," said Jon Pertchik, CEO of TA. "The sale of the standalone restaurant business, which did not strategically fit within our long-term goals for the company, will allow us to further concentrate our efforts on our core travel centers business and thoughtfully execute our transformation and growth initiatives." TA acquired Quaker Steak & Lube for approximately $25 million in 2016. The company announced the strategic divestment in February, as Convenience Store News previously reported. Westlake-based TA's network is comprised of more than 270 locations in 44 states and Canada, principally under the TA, Petro Stopping Centers and TA Express brands. It also operates more than 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet and Country Pride.

  • When was Quaker Steak & Lube founded?

    Quaker Steak & Lube was founded in 1973.

  • Where is Quaker Steak & Lube's headquarters?

    Quaker Steak & Lube's headquarters is located at 101 Chestnut Street, Sharon.

  • What is Quaker Steak & Lube's latest funding round?

    Quaker Steak & Lube's latest funding round is Asset Sale.

  • Who are the investors of Quaker Steak & Lube?

    Investors of Quaker Steak & Lube include TravelCenters of America and BlueTree Allied Angels.

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