Yesway has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO), the company said Friday.
Yesway, which also owns the Allsup’s c-store brand, has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “YSWY.”
The number of shares to be offered and the price range for the proposed offering have not yet been determined, the company said.
The Fort Worth, Texas-based convenience-store chain, backed by Brookwood Financial Partners, in September 2025 revived plans for an IPO, CSP reported at the time, citing Bloomberg.
Yesway originally filed for an IPO in September 2021. However, in December 2022, Yesway said it was pausing its efforts to go public. At the time, the company cited “current market conditions” as the reason for the pause.
- Yesway is tied at No. 19 on CSP’s 2026 Top 40 update to the 2025 Top 202 ranking of U.S. c-store chains by store count. Watch for the full 2026 Top 202 ranking in June.
“The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size, price, or terms of the offering,” Yesway said Friday.
Morgan Stanley is acting as lead bookrunning manager for the proposed offering. J.P. Morgan and Goldman Sachs are acting as active bookrunning managers.
Barclays, BMO Capital Markets, KeyBanc Capital Markets, Guggenheim Securities, and Raymond James & Associates Inc. are also acting as bookrunners.
Since it withdrew its IPO in December 2022, Yesway has grown to a chain of more than 440 stores across nine states in the Midwest and Southwest. In March 2023, it reiterated its commitment to growth by promoting Thomas Brown, president of Brookwood Financial Partners, to chief real estate officer. And in March 2024, it said it would be significantly expanding its presence in Oklahoma.
The initial impetus to go public was the completion of the integration of Yesway with Allsup’s, the Clovis, New Mexico-based family-owned c-store chain that Yesway acquired in November 2019, nearly tripling its store count to 403 units at the time, Tom Trkla previously told CSP.
Yesway is owned by BW Gas & Convenience Holdings, Fort Worth, Texas, which joined the convenience-store industry in late 2015 with ambitions of operating up to 1,000 stores. The company is an affiliate of Beverly, Massachusetts-based Brookwood Financial Partners, a real estate and private-equity investment and asset management company with more than $2.6 billion in holdings.
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