USA – Yesway, a Fort Worth, TX-based convenience store operator, raised $190M in Equity funding
The majority of the round came from HPS Investment Partners.Led by CEO Tom Trkla, Yesway is a multi-branded platform which operates operates its portfolio primarily under two brands, Yesway and Allsup’s, with sites that are differentiated through a leading foodservice offering, featuring Allsup’s deep-fried burrito, and a wide variety of high-quality grocery items and private-label products. The company 428 stores located in Texas, New Mexico, South Dakota, Iowa, Kansas, Missouri, Wyoming, Oklahoma, and Nebraska. Its geographic footprint consists of stores located in rural and suburban markets across the Midwest and Southwest, where it is often the convenience retail destination of choice and effectively the local grocer. Throughout 2022, the company completed the construction of 17 new stores and 21 raze-and-rebuild projects. Given the success of the completed projects to-date, Yesway plans to construct 28 additional new stores in 2023, the majority of which will be funded using the proceeds of the new equity it has raised.30/01/2023
