The Chicago-based Trillium CNG company has been purchased by Oklahoma City-based Love’s Travel Stops and Country Stores and it means Love’s will add 37 public-access CNG fueling locations.
Neither company is talking about the financial terms of the deal but the purchase will more than double Love’s existing CNG refueling stations to 65.
“The acquisition of Trillium CNG provides Love’s with a great opportunity to leverage the very best of two companies,” said Frank Love, co-CEO of Love’s. He said the network established by Trillium will allow Love’s to serve new types of customers in new markets while expanding reach to existing customers.
“In Trillium, we saw a company with a solid,long-term reputation that has a lot of deep expertise with CNG,” explained Love’s spokesman Ryan Welton.
The company believes it wants to be there when the CNG market expands and also ahead of its competitors. CEO Tom Love had said in the past that most trucking companies are small and have fewer than 50 trucks.
“It’s a big deal when they take that kind of risk, but there are more of them doing it,” said Love.
The purchase of Trillium CNG means another expansion for Love’s. It added 27 travel stops in 2015 and now has more than 300 across the nation. The company also plans to open more stops at 40 more locations in 2016.
