Yesway, a Fort Worth, Texas-based convenience store operator, raised an additionalĀ $235m in equity funding.
Brookwood Financial Partners, the private equity firm that founded Yesway, was the sole private placement agent for the offering. In total, the firm has raised overĀ $642mĀ in equity capital for its Yesway affiliate in addition to arranging overĀ $237mĀ in sale-leaseback proceeds.
The company intends to use the capital to fund an extensive raze-and-rebuild and store remodel campaign across the portfolio and pursue complimentary acquisitions to further expand the Yesway/Allsup’s brand presence.Ā
Led by Tom Trkla, Chairman and Chief Executive Officer, Yesway has a portfolio of 402 stores located inĀ Texas,Ā New Mexico,Ā South Dakota,Ā Iowa,Ā Kansas,Ā Missouri,Ā Wyoming,Ā Oklahoma, andĀ Nebraska, including the 304-store Allsup’s Convenience Store chain.Ā The company plans to grow its portfolio to over 500 convenience stores in selected regions ofĀ the United StatesĀ over the next several years.Ā
FinSMEs
28/10/2020