DES MOINES, Iowa—The Yesway convenience store chain of Des Moines has agreed to purchase Clovis, New Mexico-based Allsup’s Convenience Stores, subject to regulatory approval and customary closing conditions, Yesway announced.
Allsup’s, which has 304 stores across New Mexico, Oklahoma and Texas, was founded in 1956. Yesway is one of the fastest growing convenience chains in the United States. (See “To Grow or Not to Grow” in the October 10, 2018, NACS Daily.)
“Allsup’s founders, Lonnie and Barbara Allsup, were true pioneers, innovators and visionaries of convenience store retailing,” said Thomas Nicholas Trkla, chairman and CEO, Yesway. “They were the first to offer customers hot, cooked foods, self-serve gasoline sales and 24-hour service. We could not be more pleased to be joining forces with such a strong, beloved company and talented team of employees. We look forward to building on Allsup’s legendary heritage and continuing to offer many of the amazing products and services Allsup’s customers are so passionate about, including the world-famous Allsup’s Burrito.”
Mark Allsup, president of Allsup’s, said, “We are very excited to have selected Yesway as the acquirer of our company and the future custodian of our brand and legacy. We chose Yesway as a partner because their values are truly aligned with ours. They share our commitment to support the local communities we serve, our unwavering pledge to our customers to provide them with a terrific shopping experience and our dedication to the success and well-being of our employees.”
Yesway during the past three and a half years has acquired more than 150 conveniences stores in Iowa, Kansas, Missouri, Nebraska, New Mexico, Oklahoma, South Dakota, Texas and Wyoming. The company said it plans to grow to more than 500 convenience stores in the United States during the next several years.