With more expected acquisitions on the horizon, Yesway expects to grow to include 150 c-stores within the next 4-6 weeks.
Yesway, headquartered in Des Moines, Iowa, is acquiring 13 Chisum Travel Center and Fast Stop convenience stores in Texas.
The Chisum portfolio represents the second of three major Yesway portfolio acquisitions scheduled for this quarter. This acquisition further expands the company’s presence in the state, where Yesway now owns and operates 52 stores.
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.
Yesway’s 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,” stated Thomas 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.”
