Yesway, one of the fastest growing convenience store retailers in the United States, today announced that it has completed its acquisition of Allsup's Convenience Stores, a 304-store regional chain based in Clovis, NM, that has been serving local communities for over 60 years.
This represents the largest acquisition in Yesway's history, catapulting the four-year-old gas station and convenience store operator to 421 stores; bolstering its presence in Texas, New Mexico and Oklahoma. The deal brings the company significantly closer to achieving its goal of assembling a 500+ convenience store portfolio and becoming one of the top 15 convenience retailers in the United States.
"All of us at Yesway are excited to be joining together with Allsup's, one of the most iconic and adored convenience store chains in the country," said Tom Trkla, chairman and CEO of Yesway. "We are honored that Barbara and Mark Allsup selected us to be the future custodian of their brand promise and legacy."
Yesway was ranked number one in year-over-year relative store growth on the Convenience Store News "2019 Top 20 Growth Chains."
"There are tremendous synergies between our two companies, the most notable of which are Allsup's phenomenal foodservice offer and Yesway's technological expertise,” said Trkla. “We are fortunate to have very experienced management teams within both organizations, which will help us execute on our vision."