Pilot Flying J & Speedway Form Joint Venture

KNOXVILLE, Tenn. and ENON, Ohio — Pilot Flying J and Speedway LLC have entered into a joint venture that consists of 120 travel plazas located primarily in the southeastern United States.

The new entity, PFJ Southeast LLC, will initially consist of 41 locations contributed by Speedway and 79 locations contributed by Pilot Flying J. All of these locations will be operated by Pilot Flying J and carry either the Pilot or Flying J brands.

"This is another exciting chapter in a long-standing relationship between Pilot Flying J and Speedway," stated Ken Parent, president of Knoxville-based Pilot Flying J. "We look forward to providing an exceptional offering of products and services to our guests in the Southeast region."

The joint venture will better serve guests in the high-growth Southeast region of the U.S. by investing in upgrades and renovations of the 41 locations contributed by Speedway, the companies said. These locations will provide additional parking and a variety of food choices and dining options.

The joint-venture locations will all honor the Pilot Flying J MyRewards loyalty card.

"Speedway's core dedication to customer service, combined with Pilot Flying J's expertise as an exceptional travel center operator, will make PFJ Southeast LLC a premier choice for professional drivers throughout the Southeast," said Speedway President Tony Kenney. "We will be able to provide additional amenities to our customers under the Pilot and Flying J brands and better service drivers in this region overall."

The transaction is subject to customary closing conditions and regulatory clearances.

Enon-based Speedway LLC is a division of Marathon Petroleum Corp.