Yesway Raises $190 Million In New Equity To Fund Its New Store Construction Program

Jan 30, 2023•almost 3 years ago

Amount Raised

$190 Million

Fort WorthGroceryFood And BeverageRetail

Investors

Hps Investment PartnersBw Gas & Convenience Holdings, Llc

Description

BW Gas & Convenience Holdings, LLC d/b/a Yesway is pleased to announce that it has raised $190 million in new equity in the second half of 2022 to continue funding its successful new store construction program. The majority of the structured equity comes from HPS Investment Partners ("HPS"), a leading global investment firm with $95 billion of assets under management.

Company Information

Company

Yesway

Location

Fort Worth, Texas, United States

About

Yesway is an award-winning convenience store operator, established in 2015 and headquartered in Fort Worth, Texas, with 446 stores across nine Midwestern and Southwestern states. Known for its iconic food service offerings, diverse grocery selections, and popular private-label products—most notably the Allsup’s deep-fried burrito—Yesway has expanded through strategic acquisitions and the development of 85 new stores in recent years. With a strong focus on customer satisfaction and community engagement, Yesway is cementing its position as one of the leading convenience retailers in the United States.

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