WEST DES MOINES, Iowa -- Yesway has achieved a major milestone with the acquisition of its 100th convenience store as part of an 11-store Pick-A-Dilly portfolio transaction in northeast Missouri from Quincy, Ill.-based Niemann Foods, which owned the business, while Big River Oil owned the real estate.
With Hannibal, Mo.-based Big River Oil looking to sell the real estate, Neimann Foods decided to sell the stores, spokesperson Gerry Kettler told The Vandalia Leader.
This acquisition further enhances Yesway’s presence in Missouri. The company now owns and operates 14 c-stores in Missouri and is looking to add additional stores to its portfolio in the state over the next few years, the company said. Four of these stores are in Hannibal, with other single stores in Vandalia, Center, West Quincy, Edina, Kingdom City, Kirksville and Palmyra.
Yesway made its first acquisition in December 2015, and it now has 101 stores in Missouri, Iowa, Kansas, Oklahoma and Texas.
With the additional stores it currently has under contract to acquire, the company said it expects to operate nearly 150 stores and to expand into four new states by the end of June. It remains on track to reach its goal of building a 500-location chain of Yesway convenience stores in selected regions of the United States over the next several years, it said.
“We are pleased with the acquisition of the Pick-A-Dilly portfolio and thrilled to have reached our 100-store milestone so quickly,” said Thomas Nicholas Trkla, chairman and CEO of Yesway. “With the stores we have under contract and the depth of the pipeline, we anticipate a heightened level of acquisition activity will be taking place over the next several months. I am very proud of our senior management team. They have done a stellar job of incorporating the new store acquisitions into our rapidly expanding portfolio and of consistently delivering terrific customer experiences in each of our stores.”
Photo courtesy of Yesway.