Quaker Steak & Lube said late Monday that it has filed for bankruptcy protection and will be put up for sale.
There is a deal in place to sell the company out of bankruptcy to TravelCenters of America for $25 million. But another company could top that bid in an auction process, and a federal bankruptcy court must approve any deal.
The company expects approval to come early in 2016.
“TravelCenters of America brings in-depth experience and resources to hel