Ropes & Gray advised Gauge Capital and its portfolio company TVC Pro-Driver in the sale of TVC to Love’s Travel Stops. Terms of the agreement were not disclosed and the completed acquisition was announced in a press release on October 5.
Oklahoma City-based TVC Pro-Driver is the market-leading platform for subscription-based commercial driver’s license protection services and other benefits to individual owner-operators and fleets. TVC has more than thirty-five years of experience helping professional truck drivers protect their careers and increase their profits with nationwide CDL legal protection, major commercial discounts, roadside assistance, driver rewards and more. Gauge Capital is a leading middle-market private equity firm based in Southlake, Texas with over $2.0 billion under management.
This team was led by private equity partner Matt Richards, tax partner Aaron Harsh, executive compensation & employee benefits partner Matt Jones, employment partner Stephanie Bruce, tax partner Scott Pinarchick, and litigation & enforcement partners Samer Musallam and Tim Farrell.
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