Stop-A-Sec Owners Will Miss C-Store Business Travelcenters of America Completes Eight-Store Deal in Wisconsin

10/30/2015 StopaSec Owners Will Miss ConvenienceStore Business | CSPnet

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MERGERS, ACQUISITION & GROWTH > MERGERS & ACQUISITIONS NEWS October 29, 2015 Stop-a-Sec Owners Will Miss C-Store Business TravelCenters of America completes eight-store deal in Wisconsin

Published in CSP Daily News

WESTLAKE, Ohio – With the announcement that TravelCenters of America LLC has 0 closed on the purchase, announced earlier this month, of all eight convenience stores owned by Stop-a-Sec Inc. and Seck Enterprises Inc. of Luck, Wis., the chain’s owners are exiting the convenience-store industry. The stores are located in western Wisconsin and serve the communities of Balsam Lake, Cushing, Grantsburg, Luck, Osceola, Minong, Webster and Woodville. All eight of the sites were owned in fee. ADVERTISEMENT The eight c-stores have operated as Holiday franchised stores and have provided fuel and a full range of TODAY'S TOP NEWS CATEGORY NEWS convenience items to the communities they serve. TravelCenters of America has begun to operate all of the PRODUCT OF THE DAY TOP 101 stores. It said it expects to rebranded the Stop-A-Sec locations to its Minit Mart convenience-store brand and Speedway Speeds Ahead on Hess that they will undergo improvements in the coming months. The company is rebranding all of its c-stores to Accelerated operational Minit Mart, including the locations at its travel centers. RELATED CONTENT synergies double what Marathon Petroleum The deal is part of a previously announced series of Stop-A-Sec C-Stores to Become Minit Marts in TA executives expected transactions that the company is closing through the end Deal 10/15/2015 of the year. TA on Course to Grow Its C-Store Stop-a-Sec Owners Will During the company’s second-quarter 2015 earnings call, Portfolio 10/6/2015 Miss C-Store Business CEO Thomas O’Brien said the company has agreed to 10/29/2015 acquire 123 additional convenience stores for about $230 Casey’s Reacts Swiftly to Skimming Threat million in six separate transactions. 10/28/2015 Stop-a-Sec was founded in 1989 by Ed and Jody Seck with one store in Luck. They grew the business through a Walgreens-Rite Aid: A Health-Focused Deal combination of new builds and acquisitions. 10/28/2015 "We are pleased that TA will be retaining our existing employees," Ed Seck, president of Stop-a-Sec and Seck Enterprises, said. “Along with our daughters, Shannon and Jennifer, we have operated our stores as a family business for 26 years and will truly miss the convenience-store industry. It was not an easy decision to sell; however, we are confident that our employees and customers are in good hands and look forward to seeing positive changes for them all. We appreciate each and every employee and customer.” Mr. Underwood commented, “It was a real pleasure to work with Ed and Jody and the Stop-a-Sec family. They have built a very strong family business and it was a privilege to work with them on the sale of their stores.” Matrix Capital Markets Group, Inc., Richmond, Va., provided merger and acquisition advisory services to Stop-a-Sec and Seck Enterprises, which included valuation advisory, marketing of the company through a customized, confidential, structured sale process and negotiation of the transaction. Based in Westlake, Ohio, TravelCenters of America is a leading travel center business in 43 states and Canada. With 252 full-service locations off interstate highway exits, TA and Petro Stopping Centers offer customers diesel and gasoline fueling services, more than 500 full-service and quick-service restaurants (QSRs), 24-hour convenience stores, heavy-truck maintenance services, RoadSquad Connect emergency roadside service, Reserve- It truck parking reservations and many other services, all within large, high-traffic facilities. The company also operates gas stations and convenience stores under the Minit Mart brand in seven states.

Part of CSP's 2015 Convenience Top 101 retailers http://www.cspnet.com/mergersacquisitiongrowth/mergersacquisitionsnews/articles/stopsecownerswillmisscstore 1/2 10/30/2015 StopaSec Owners Will Miss ConvenienceStore Business | CSPnet CLICK HERE TO VIEW THE CONVENIENCE TOP 101 LIST

KEYWORDS: M&A