Yesway raises $190mn to develop new sites in the U.S.
In 2022 the operator completed 17 new stores and 21 raze-and-rebuild projects.
BW Gas & Convenience Holdings has raised $190 million in new to continue funding new Yesway stores. Most of the structured equity comes from HPS Investment Partners.
“We are deeply appreciative of the collaborative and accommodating nature of our discussions with HPS that showed a keen understanding of our business and are impressed by the talent of their investment team,” said Tom Trkla, Chairman and Chief Executive Officer of Yesway.
In the past year, Yesway started an aggressive campaign to build new stores and raze-and-rebuild projects in the U.S. Throughout 2022, the operator completed the construction of 17 new stores and 21 raze-and-rebuild projects.
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.
Established in 2015, Yesway is a multi-branded platform headquartered in Fort Worth, Texas, which operates 428 stores.
