Deal Detail

TravelCenters of America Inc. to BP Products North America Inc.

EV / LTM EBITDA

4.3x

EV / LTM Sales

Enterprise Value

$1.4B

Primary Source

Merger Proxy

Comparable Transactions

No other Fuel & Convenience Stores transactions in the five years to February 2023.

Source-specific multiples and notes for this transaction.

Comp	Primary?	Source Type	Source	Source Advisor	Source Year	EV (USD)	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
	Primary	Registration Filing	Merger Proxy	-	2023	$1.4B	-	4.3x	-	Multiple on US GAAP basis. BP disclosed multiple of 6.0x on post-IFRS 16 basis.	Open