October 05, 2023

Gauge Capital Closes Sale of TVC Pro-Driver to Love's

Southlake, TX – Gauge Capital (“Gauge”), a leading middle market private equity firm, has announced the sale of TVC Pro-Driver (“TVC” or “Pro-Driver”) to Love’s Travel Stops. Headquartered in Oklahoma City, OK, TVC is the market-leading platform for subscription-based commercial driver's license protection services and other benefits to individual owner-operators and fleets.

“We partnered with TVC in 2019 with the goal of building a best-in-class offering that enhanced the already significant benefits that the comprehensive commercial driver's license protection provides for truck drivers, and the partnership with Love’s is the culmination of those efforts. We are thankful to have worked with Jon Russell and the rest of the TVC team and look forward to what this new partnership will bring for the Company.” said Tom McKelvey, Co-Founder and Managing Partner at Gauge Capital.

“Gauge has been a valued partner for TVC over these past few years and our collective efforts have created a must-have service for our members. The entire TVC Pro-Driver organization is excited to join the Love’s Family of Companies and we look forward to the positive impact we believe this will bring for our employees and customers,” said Jon Russell, CEO of TVC Pro-Driver. “As a family-owned and privately held company, Love’s shares a lot of the same core values as TVC Pro-Driver—– innovation, perseverance, and work ethic—and a dedication to providing comprehensive solutions for our nation’s professional drivers.”

DC Advisory and Jefferies served as financial advisors and Ropes & Gray served as legal counsel to TVC on the transaction.