LV Petroleum Sold Two Travel Centers for $36.7 Million
The company divested properties in Tennessee and Texas as part of a broader expansion strategy.
Updated on Sept. 25, 2026 in Business Strategy
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LV Petroleum has sold two of its travel centers for a total of $36.7 million. The transactions, brokered by Sands Investment Group, involved both the travel center businesses and their underlying real estate.
Why it matters
These divestitures are part of a strategic plan by LV Petroleum to reach a total of 100 travel center locations. The company continues to adjust its portfolio after adding three new centers to its network during the summer of 2026.
The company currently operates more than 90 travel centers and 30 convenience stores. The sold properties were delivered free and clear of fuel contracts.
The players
LV Petroleum
An operator of travel centers and convenience stores that was founded in 2014 and is based in Las Vegas.
Sands Investment Group
A commercial real estate brokerage firm that managed the sale of the travel centers and their underlying real estate.
Jamie Hubbard
The newly appointed senior vice president of construction and maintenance with 30 years of industry experience.
The details
Sands Investment Group led the transaction, with Yossi Freeman, Matt Montagne, and Tyler Ellinger overseeing the sale of the assets. The company is simultaneously bolstering its leadership team, recently hiring Jamie Hubbard as the senior vice president of construction and maintenance.
Timeline
LV Petroleum was founded in 2014.
The company added three travel centers during the summer of 2026.
Market Landscape
The sale follows the consolidation of independent truck stop networks as firms streamline assets to optimize regional coverage. This move positions the company to reallocate capital toward hitting its 100-location milestone.
These transactions involve commercial real estate and business operations, meaning the average customer will likely see little immediate change at their local travel centers. The shift is primarily a corporate move to refine the company's network and support its long-term growth targets.
The takeaway
Divestitures allow growing companies to focus resources on larger, more profitable sites that align with their long-term footprint goals. Tracking these corporate shifts provides insight into which regions are seeing increased investment in infrastructure.
Further reading
For more on industry expansion, see the latest updates on Business Strategy.
Source note: This article includes information reported by Convenience Store News.
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