Company News

Yesway Commits to Growth With Appointment of Chief Real Estate Officer

Brown will identify potential site and c-store acquisitions, oversee store construction in new role
Tom Brown of Yesway
Photograph courtesy of Yesway

Yesway stepped up its commitment to growth this week with the promotion of Thomas Brown to chief real estate officer.

Brown will remain president of Brookwood Financial Partners, the private equity firm that founded the Yesway convenience-store chain in 2015, while also being responsible for directing all real estate related activities for the company. His role will include identifying potential site and c-store acquisitions, and overseeing the firm’s store remodel, raze-and-rebuild and new-to-market construction initiatives.

  • BW Gas & Convenience Holdings, which owns Yesway, is No. 18 on CSP’s 2023 Top 40 update to the 2022 Top 202 ranking of convenience store chains by store count. Watch for the full 2023 Top 202 in June.

Brown has already been part of leading Yesway’s aggressive growth campaign, the company said.

Yesway completed the construction of 17 new store and 21 raze-and-rebuild products in 2022, reaching a store count of 435. The Fort Worth, Texas-based company also owns the Allsup’s brand. In 2023, Yesway plans to construct 28 new stores, most of which will be funded using the proceeds of $190 million in new equity it has raised.

“Over the course of his longstanding tenure at Brookwood, Tom has made outstanding contributions to the firm as an esteemed member of our senior management team,” said Tom Trkla, chairman and CEO of Brookwood and chairman president and CEO of Yesway. “He is extremely well respected by colleagues and clients in the private equity, commercial real estate and convenience retailing realms for his astute knowledge and depth of experience. Having worked side by side with Tom for nearly 30 years, I am excited about this next chapter for the company and look forward to him providing even more guidance and support as Yesway continues to grow. I could not be more pleased to celebrate his achievements.”

Brown joined Brookwood in 1994, previously working as vice president of Winthrop Management, a Boston-based real estate investment and management firm.

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