Love’s Travel Stops’ financial services arm, Love’s Financial, recently acquired three freight factoring providers serving small- to mid-sized trucking fleets: TBS Factoring Service, Saint John Capital and Financial Carrier Services. The companies operate out of Oklahoma City, Oklahoma; Chicago; and Charlotte, North Carolina, respectively.

Love’s said the acquisition closed on December 19 and did not disclose the terms of the agreement.

“Through the acquisition process, the approximately 3,400 new customers will not experience any disruptions or delays in funding. They will also gain access to additional services at Love’s nationwide network of travel stops, including fuel discounts and access to a no-fee credit line on Love’s Express Billing card program,” the retailer said.

“Love’s is committed to growing strategically as a trusted partner to meet professional drivers, owner-operators and fleets where they are, and providing fast and reliable freight factoring services is an important part of that vision,” said Shane Wharton, Love’s president. “We’re excited to welcome our new customers and Love’s Financial team members while learning from their factoring experience.”

In other recent Love’s news, earlier this year, the retailer launched Love's Media Group, “the first retail media network designed specifically for America's travel stops and the first to reach professional truck drivers at scale.” The retailer said Love's Media Group leverages the company's 662 locations across 42 states to create a comprehensive advertising platform that connects brands with millions of professional drivers and travelers.

Love's said the Love’s Media Group aims to transform Love's physical and digital assets into a unified advertising platform spanning the customer journey from fuel pump screens and in-store digital signage to the Love's Connect mobile app and My Love Rewards loyalty program.