Yesway to sell all c-stores in Iowa and Kansas
The company will divest a total of 30 locations to focus on expanding its presence across the Southwest region of the US.
Yesway has confirmed its plans to sell all 30 of its convenience stores across Iowa and Kansas by the end of 2025.
This marks a strategic shift as the company refocuses on expanding its presence in the Southwest region of the United States. The decision is part of the company’s ongoing effort to concentrate on growing its Allsup’s banner, which has become a central part of its business, as reported by C-Store Dive.
The proceeds from the sale will be reinvested into convenience stores that better align with the chain's goal of enhancing the customer experience.
Despite the sale, the stores will not cease to operate as there will be a transition to new ownership. As of now, it is unclear whether any of the 30 stores have already been sold.
Yesway’s move to exit Iowa and Kansas marks a significant shift from its previous expansion strategy in the region. The company has experienced notable growth in Iowa since its entry in 2016, when private equity firm Brookwood Financial Partners acquired 21 c-stores in the state. Shortly after, the company rebranded to Yesway and outlined plans to expand, eventually growing its network to more than 400 locations across nine states.
However, the company’s acquisition of Allsup’s, a chain of 304 stores in Texas, Oklahoma, and New Mexico, has led to a strategic shift. Today, nearly 90% of Yesway’s convenience stores are under the Allsup’s banner, and the company has increasingly focused its efforts on the Southwest.
Currently, Yesway operates 57 locations across the Midwest, with a much larger presence in the Southwest. As the company continues to grow, its focus on the Allsup’s brand and the Southwest region remains a core component of its strategy for the future.
