As Brookwood plans the expansion of its convenience store portfolio, the company is appointing additional leadership.
Nationally-recognized private equity investment firm, Brookwood Financial Partners LLC, has announced that Douglas Wald is now a regional manager for BW Gas & Convenience Holdings LLC.
BW Gas & Convenience, an affiliate of Brookwood, owns and operates gas stations with convenience stores in selected regions of the U.S. Brookwood intends to expand its portfolio to between 600 and 1,000 convenience stores in the next several years.
Wald’s primary responsibility will be managing the daily operations of the firm’s growing portfolio of convenience stores in the Midwest; assisting individual store managers in the operations of their stores; hiring, training and mentoring newly-hired store managers; creating merchandising and marketing plans and ensuring that all applicable laws and regulations are followed. In addition, Wald will oversee his region’s operating budget, including each individual store’s P&L, and will serve as liaison between store-level employees and senior Brookwood management.
“Douglas is a well-respected industry veteran, with a tremendous work ethic, proven management skills and a substantial breadth of knowledge of multi-state retail convenience store operations,” stated Brian Trout, senior vice president of operations for BW Gas & Convenience. “He has over 20 years’ experience developing and administering expense budgets for convenience store portfolios. We are delighted to have someone with Douglas’ hands-on experience and management and leadership skills, run our expanding portfolio of convenience stores in the Midwest. He is a terrific addition to our management team.”
Prior to joining Brookwood, Wald was a regional operations manager for The Pantry Inc. where he held P&L responsibility for an 85-store chain in Kansas, Missouri, Indiana, Tennessee and Kentucky generating over $280 million per year in sales. Wald was also responsible for daily operations and fuel pricing and implemented marketing plans to enhance product merchandising and facility appearance. Prior to this position, Wald was the chief operating officer for Presto Convenience Stores, where he managed 54 stores in two states with combined annual sales in excess of $250 million. Wald oversaw all store operations and built long-standing relationships with vendors to enhance product presentation and marketing methods.
Wald is a graduate of Northern State University.
