Yesway applied to go public in 2021. In September, the company filed a statement with the U.S. Securities and Exchange Commission (SEC) for a proposed $100 million initial public offering (IPO) of its stock. The convenience-store company, based in Fort Worth, Texas, has applied to list on The Nasdaq Global Select Market under the ticker symbol YSWY. The application was still pending as of January 2022.
Yesway skyrocketed its growth in 2019 when it acquired Clovis, N.M.-based Allsup’s and its 304 stores in Texas, New Mexico and Oklahoma, catapulting the chain into the 2020 top 20 of CSP’s list. In 2020, Yesway set to work integrating the Allsup’s brand into its network.Yesway is owned by BW Gas & Convenience Holdings, which joined the convenience-store industry in late 2015 with ambitions of operating up to 1,000 stores. It first acquired 10 Country Store sites in late 2015, then added 21 sites purchased from Kum & Go. The chain has slowly accumulated stores through acquisition ever since, most recently in July 2018 with the Fresh Start chain. In March 2018, it acquired the In & Out BP Travel Plaza in Marshalltown, Iowa. And in February 2018, it acquired five Rip Griffin Travel Centers in Texas and one State Line Convenience store in Missouri.
The company is an affiliate of Beverly, Mass.-based Brookwood Financial Partners, a real-estate and private-equity investment and asset management company with more than $2.6 billion in holdings. Brookwood Financial Partners LLC formed BW in 2015 and announced its c-store brand--Yesway--in summer 2016.
For benchmarking purposes, store counts are as of Jan. 1, 2022.
|Headquarters:||Fort Worth, Texas|
|No. of Stores:||403|
|Rank Last Year:||19|