Yesway’s stores in Iowa and Kansas are transitioning to new owners by the end of the year, a company spokesperson shared with CSP Daily News.
“As we continue to grow the Yesway brand and expand our offering to our customers, we may have the opportunity to divest certain stores that do not match our strategy and reinvest the proceeds in locations that enable us to provide a better customer experience,” a Yesway spokesperson said. “We plan to continue our growth and are focused on building the best network of store locations to meet the needs of our valued customers. As these stores in Iowa and Kansas transition to new owners by the end of this year, we do not anticipate there will be closures.”
Yesway has more than 20 stores in Iowa and Kansas, according to its store map on its website.
The move to pull back from Iowa and Kansas comes as Yesway expands its presence in Texas, New Mexico and Oklahoma.
The company, which also owns the Allsup’s c-store brand, said in 2024 it would “significantly” expand its presence in Texas, Mexico and Oklahoma. In December, it added three new locations in Texas and two in New Mexico.
It has more than 400 stores total in nine states across its two banners.
BW Gas & Convenience Holdings LLC, which owns Yesway and Allsup’s, is No. 19 on CSP’s 2024 Top 202 ranking of convenience-store chains by store count.
Established in 2015, Yesway is a multi-branded platform, owned by BW Gas & Convenience Holdings LLC. It operates stores in Texas, New Mexico, South Dakota, Iowa, Kansas, Missouri, Wyoming, Oklahoma and Nebraska. Yesway acquired the Allsup’s chain in 2019.
In August 2020, Yesway said it was closing its Des Moines, Iowa, headquarters and its Allsup’s corporate office in Clovis, New Mexico, to open its new headquarters in Fort Worth, Texas.
After filing a statement with the U.S. Securities and Exchange Commission (SEC) for a proposed $100 million initial public offering (IPO) in September 2021, Yesway in December 2022 said it was pausing its efforts to go public.
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