DES MOINES, Iowa -- Convenience-store retailer Yesway has acquired the In & Out BP Travel Plaza in Marshalltown, Iowa.
“With this latest acquisition, we are pleased to add another Yesway store to our expanding service area in Iowa,” said Thomas Nicholas Trkla, chairman and CEO of Yesway.
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This acquisition, the 85th location in the chain, further expands the company’s presence in the Hawkeye State. Yesway operates c-stores in Iowa, Kansas, Missouri, Oklahoma and Texas.
Yesway has plans to acquire, improve and rebrand an additional 120 to 130 stores per year over the next several years in order to reach its goal of building a 500-location chain.
“Our newest customers in Marshalltown will enjoy great customer service at a store that is true to the Yesway brand promise, in that it will be efficient, inviting and friendly,” said Brian Trout, Yesway’s senior vice president of operations. “We aim to make life easier and each day a bit more pleasant for all of our customers and look forward to getting to know and contributing meaningfully to the community.”
In addition, Yesway will introduce competitively priced beer at this location effective immediately, said the company.
BW Gas & Convenience, doing business as Yesway, is based in Des Moines, Iowa. BW is a unit of private-equity investment firm Brookwood Financial Partners LLC, Beverly, Mass., which specializes in acquiring and managing value-add commercial real estate and related businesses on behalf of a select group of investors. Yesway ranked No. 197 in CSP's2017 Top 202 list of the largest c-store chains in the United States.
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