Yesway Grows Texas Portfolio With 13-Store Acquisition
DES MOINES, Iowa — Yesway continues to grow its banner in Texas, acquiring 13 Chisum Travel Center and Fast Stop convenience stores.
The Chisum portfolio represents the second of three major Yesway portfolio acquisitions scheduled for this quarter.
Two of the stores are located in Lubbock, further expanding the company's footprint in Northwest Texas, with other single store locations in Amarillo, Friona, Dimmit, Littlefield, Shallowater, Olton, Hart, Brownfield, Floydada, Ropesville and Iowa Park.
In all, Yesway now owns and operates 52 locations in the state. Its portfolio now totals 116 stores in Iowa, Missouri, Kansas, Oklahoma and Texas.
The company expects its portfolio to grow to 150 stores within the next four to six weeks with the additional stores it currently has under contract to acquire, putting it on track to reach its goal of building a 500-location chain over the next several years.
"We have always been attracted to the Texas market and continue to evaluate numerous portfolios and individual store acquisitions in the state," said Thomas W. Brown, Yesway's director of acquisitions.
"The Texas economy is strong, and companies like ours benefit greatly from the state's low taxes, highly-supportive business environment, and positive demographic trends," he added. "Our goal is to expand our Texas portfolio to well over 100 stores in the coming years."
Based in Des Moines, Yesway is the operating brand for BW Gas & Convenience. It recently added c-store No. 100 with the acquisition of 11 Pick-A-Dilly convenience stores in northeast Missouri, as Convenience Store News previously reported.