Mergers & Acquisitions

Yesway Expands Into 3 New States

Reaches 150-store milestone with acquisition of 26 Fresh Start c-stores

WEST DES MOINES, Iowa -- Convenience-store retailer Yesway has reached the 150-store milestone and has significantly expanded its footprint into three new states—South Dakota, Wyoming and Nebraska—with the acquisition of 26 Fresh Start convenience stores.

This is the third major portfolio of stores that Yesway has acquired this quarter, following the earlier announced acquisitions of 11 Pick-A-Dilly convenience stores in Missouri and 13 Chisum Travel Center and Fast Stop c-stores in Texas.

With the Fresh Start acquisition, Yesway now owns and operates convenience stores and truckstops in eight states: Iowa, Missouri, Kansas, Oklahoma, Texas, South Dakota, Wyoming and Nebraska.

Included in this latest acquisition are 22 South Dakota-based stores with multiple locations in Edgemont, Martin, Pierre, Rapid City, Spearfish and Sturgis, S.D.; single stores in Belle Fourche, Box Elder, Custer, Fort Pierre, Hot Springs and Kadoka, S.D.; three single stores in Lusk, Newcastle and Sundance, Wyo.; and a single store located in Alliance, Neb.

"We are extremely pleased to have achieved this milestone and to be bringing the Yesway brand to three new states," said Thomas Brown, Yesway's director of acquisitions. "I am very proud of our acquisitions, due diligence and onboarding teams. Their collective hard work and dedication have been critical to our being able to grow the portfolio so quickly. They all thrive in this rapid-pace environment and are doing a fantastic job. It is a truly exciting time for all of us."

The company said it remains on track to reach its goal of building a 500-location chain over the next several years.

BW Gas & Convenience, doing business as Yesway, is based in West Des Moines, Iowa. It ranked No. 78 on CSP’s 2018 Top 202 list of c-stores by number of company-owned retail locations.

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