BP Products North America, a subsidiary of BP, has reached an agreement to purchase TravelCenters of America (TA). The acquisition, which is subject to regulatory and TravelCenters of America shareholder approval, will be for $1.3 billion in cash.

The companies say TA’s network of highway sites complements BP’s existing predominantly off-highway convenience and mobility business, enabling TA and BP to offer fleets a seamless nationwide service. In addition, BP’s global scale and reach will, over time, bring advantages in fuel and biofuel supply as well as convenience offers for consumers, BP says. It will provide options to expand and develop new mobility offers including electric vehicle (EV) charging, biofuels, renewable natural gas (RNG) and later hydrogen, both for passenger vehicles and fleets.