WAUKESHA — Quaker Steak & Lube has file for Chapter 11
bankruptcy and TravelCenters of America has agreed to
purchase the casual dining restaurants and other assets
for $25 million.
Known for wings, iconic decor and original sauces,
Quaker Steak & Lube has over 50 locations in 16 states.
Most of the locations are franchised and they are
concentrated in Pennsylvania and Ohio. Wisconsin
locations include New Berlin, Middleton and Janesville.
TravelCenters will be purchasing existing restaurant
operations, the restaurant franchise program and bottled
sauces for retail sale business. The company intends to
convert some of its existing full service restaurants to
the Quaker Steak & Lube brand while also expanding the
franchise program and the number of stand alone company
operated restaurants over time.
The bankruptcy proceedings and sale are expected to be
finalized sometime in 2016.