Traxx Cos. is selling 33 of its Traxx Markets in Kentucky, along with multiple supply contracts, to a national chain that it would not identify.
Traxx Cos., a Lexington-based affiliate of the Webb Cos., made the announcement Thursday. It did not provide the sale price.
A Traxx news release described the buyer as "one of the largest operators of travel plazas and convenience stores in the United States."
Traxx was founded in 1986 by Dudley Webb and Paul Koshgerian Jr. The company later acquired Hamilton Oil Co. of Georgetown. In 1987, Jay Hall, a restaurant chain executive, joined the company as its CEO.
In 1996, the company entered into a joint venture with Shell Oil Co. whereby all parties contributed their stores in the Lexington and Louisville markets to a new joint venture called Thoroughbred Energy.
The 33 Traxx stores being sold are in Lexington, Louisville and along the Interstate 75 corridor of southeastern Kentucky. All have been operated under the Shell brand, according to the news release.