Photograph courtesy of Yesway
FORT WORTH, Texas – Yesway Inc. has filed a statement with the United States Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of $ 100 million of its shares.
The Fort Worth, Texas-based convenience store company has applied to be listed on the Nasdaq Global Select Exchange under the symbol YSWY. The offer is subject to market conditions, and the company has stated that there can be no assurance as to whether or when the offer can be made, or as to the size or actual terms of the offer. .
Morgan Stanley, JP Morgan, Goldman Sachs & Co. LLC, BMO Capital Markets and Barclays are acting as co-book managers for the proposed offering.
Founded in 2015, Yesway is a multi-brand platform that acquires, transforms and enhances convenience store portfolios by leveraging real estate and technology expertise, and implementing data-driven decision making. Its portfolio consists of 403 stores located in Texas, New Mexico, South Dakota, Iowa, Kansas, Missouri, Wyoming, Oklahoma and Nebraska, most recently including the convenience store chain Allsup which has 302 stores.
The company is a subsidiary of Brookwood Financial Partners, based in Beverly, Mass., A real estate and private asset management and investment firm with more than $ 2.6 billion in holdings. Brookwood Financial Partners LLC formed BW Gas & Convenience Holdings LLC in 2015 and announced its convenience store brand, Yesway, in the summer of 2016.
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