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Mergers & Acquisitions

Yesway Acquires Its First C-Stores in Kansas

Iowa retailer expands in two states

WEST DES MOINES, Iowa -- Yesway has added two convenience stores in Iowa and five in Kansas for a total of seven new locations.

The new convenience-store retailer has acquired five Pic Quik stores in Hutchinson, Kansas—its first in the state—as well as the Krueger's Convenience Stores location in Grimes, Iowa, and the Pronto Market in Kanawha, Iowa.

The company has a “robust” acquisition pipeline, it said, and has touted plans to acquire, improve and rebrand approximately 500 c-stores as Yesway convenience stores in selected regions of the United States over the next several years.

"Our goal in acquiring these stores is to enhance their overall appeal and offer a fresh experience for Yesway customers," said Brian Trout, Yesway's senior vice president of operations. "Customers will enjoy redesigned stores that are true to our brand principles, which are to be efficient, inviting and user friendly. We are grateful to the previous owners for building a base of loyal and reliable customers and look forward to continuing to serve them in their respective local communities."

Thomas Nicolas Trkla, Yesway's chairman and CEO, said, "Yesway is committed to providing our customers with a terrific shopping experience. We look forward to further expanding the Yesway brand and to becoming an essential member of the communities we serve."

West Des Moines, Iowa-based BW Gas & Convenience, doing business as Yesway, has 31 c-stores in Iowa. It is a unit of Brookwood Financial Partners LLC, Beverly, Mass.

Watch for details in CSP Daily News.

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