The restaurant chain that closed its doors in Springfield back in August of 2014 has filed for bankruptcy and is expected to be sold to TravelCenters of America for $25 million.
Quaker Steak & Lube was started in Sharon, Pennsylvania in 1974, expanding to over 50 locations in 16 states including opening in Springfield in the fall of 2011. The restaurant was known for it car-themed décor as well for its chicken wings.
The company filed for Chapter 11 bankruptcy protection, with TravelCenters planning to purchase and expand the chain, converting some of their current locations over to Quaker Steak & Lubes.
TravelCenters operates more than 500 restaurants along several major highways across 43 states.
The bankruptcy deal is subject to court approval, which is expected early next year.