FRANKLIN, Tenn.–(BUSINESS WIRE)–QuikQ, LLC (QuikQ), an independent full-service fuel payment solutions provider founded in 2008, announced today strategic investments by truck stop and truck maintenance industry leaders Love’s Travel Stops (Love’s) and TravelCenters of America LLC (TA).
With the financial backing of Love’s and TA, QuikQ is strategically poised for continued growth and expansion in the fuel payments marketplace, where the Tennessee-based company has a nationwide network of more than 3,400 chain and independent merchant locations to serve its customers. The network is further solidified through long-term agreements QuikQ has with all of the country’s largest truck stop operators.
QuikQ will continue to operate as an independent company, focused on saving customers time and money. Investments by Love’s and TA enable QuikQ to grow its streamlined approach to building more direct, transparent relationships between merchants and carriers and their payment solutions provider.
“QuikQ offers high-quality products designed to compete in the fuel payments industry. With Love’s and TA as investors, QuikQ brings immediate competition in the fuel payments marketplace while minimizing costs for our merchant and trucking company customers,” said QuikQ Chief Executive Officer Dean Troester, a 36-year trucking industry veteran who joined the QuikQ team in that capacity in early 2017.
In addition to QuikQ’s own fuel payment card, the company’s technology also supports other universally-accepted co-branded and private label cards, including cards for Love’s and TA. The long-term success and growth of these platforms provides QuikQ proven experience to better serve the trucking industry.
“QuikQ has been the successful, cost-effective backbone of our Love’s Express payment platform for many years. A large segment of our customers have benefited from the convenience and savings QuikQ’s technology provides, and QuikQ can deliver the same advantages across the trucking industry,” said Frank Love, co-CEO of Love’s and Speedco. “QuikQ offers trucking companies another choice.”
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