Mergers & Acquisitions

Yesway Acquires 5 Ranglers C-Stores

Retailer also opens 5 new-to-industry Allsup’s locations

Continuing its pattern of growing through acquisitions, Yesway has acquired five Ranglers convenience stores in Clifton, Hamilton and Hico, Texas. The retailer also has opened five new-to-industry Allsup's c-stores in Ruidoso, New Mexico, and Abilene, Springtown, Snyder and Whitney, Texas.

With this latest expansion, the Yesway portfolio now includes 435 c-stores across nine states. The company plans to open 28 new stores throughout 2023.

The developments follow a year of growth for Yesway, including the acquisition of the Tres Amigos chain of stores in September 2022, the August 2022 launch of the new Allsup's Express concept store, previously announced openings of new Texas locations of Allsup's stores in Breckenridge, Canyon, Colorado City, Claude, Mineral Wells, Pampa, Rankin, Robert Lee, San Angelo, and Sweetwater, as well as new stores in Altus, Oklahoma, and Alamogordo, Artesia and Carlsbad, New Mexico.

Last month, Yesway announced that it had raised $190 million in new equity to fund expansion.

Yesway's acquisition of the Ranglers five-store portfolio includes two locations each in Hamilton and Hico and one in Clifton. While each location will be remodeled and rebranded under either the Yesway or Allsup's banner, the Rangler store look and merchandise selection that is familiar to customers will remain on the interior, the company said.

Most of the new-to-industry Allsup's stores have 5,630 square feet (the Whitney store is 6,277 square feet) of merchandising space, between 16 and 24 fueling positions, and high-flow diesel fueling lanes.

These are the latest of the new large-format stores Yesway has developed and is bringing to market. The stores are open 24 hours per day and offer Allsup's burritos along with a full selection of Yesway and Allsup's private-label snacks; a trucker and automotive section; Allsup's bread, milk and eggs; and a beer cave; as well as amenities including Western Union service, ATM availability and Coin Cloud digital currency machines offering more than 30 digital currencies.

“We're thrilled to begin 2023 with more exciting expansion news to share and look forward to bringing our brand of service and hospitality to more communities,” said Tom Trkla, chairman, president and CEO of Yesway. “I am so proud of our team for making this accelerated pace of growth possible.”

Don and Ramon Haile opened the first Ranglers location in 1973. Based in Hamilton, Texas, the company incorporated in 1990 as Ranglers Convenience Stores Inc. The stores now feature the Ranglers fuel brand.

  • BW Gas & Convenience Holdings 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.

Established in 2015, BW Gas & Convenience Holdings is a multi-branded platform with headquarters in Fort Worth, Texas, operates a portfolio of c-stores in Texas, New Mexico, South Dakota, Iowa, Kansas, Missouri, Wyoming, Oklahoma and Nebraska primarily under two brands, Yesway and Allsup's. It differentiates its sites through a foodservice offering featuring Allsup's burrito and a variety of grocery items and private-label products. Yesway's geographic footprint consists of stores located in rural and suburban markets across the Midwest and Southwest, where it is often the convenience retail destination of choice and effectively the local grocer, it said.

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