The companies extended their agreement, providing aggregate availability in the amount of $1.15 billion for the second year of the term, in April 2022. The partnership with Oak Street gives ARKO and GPM additional financial flexibility and purchasing power as well as the ability to be more aggressive with its mergers and acquisition strategy, Kotler previously noted. The strategic move comes soon after Westlake, Ohio-based TravelCenters of America Inc. (TA) turned down ARKO's bid to acquire the company in favor of its previously announced deal BP. That $1.3 billion purchase of the travel center chain is slated to move forward this month, pending shareholder approval. Although ARKO offered a higher per-share purchase price, TA's board of directors unanimously recommended that shareholders support the deal with BP, citing a lack of committed financing as the critical deficiency of ARKO's offer.