Petro Stopping Centers is a leading operator of large, full-service truck stops with a nationwide network of facilities in 27 states.The Cardwell family, Petro’s founders, wanted to replace their existing financial partner with a firm that would facilitate deepening the management team and refinancing the Company for growth.

Together, Chartwell and the Cardwell family brought in Mobil Oil Corporation as a strategic investor, allowing Petro to benefit from Mobil’s disciplined operating framework and experienced personnel.

From this alliance, Chartwell, the Cardwell family and Mobil identified a three-pronged approach to maximize profitability and cash flow which resulted in a 60% increase in profits during Chartwell’s investment and a successful exit.


Current Investments

Prior Transactions

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