Yesway Adds 9 Tres Amigos C-Stores to Its Portfolio

The deal boosts the Massachusetts-based retailer's store count to 423.

September 07, 2022

FORT WORTH, Texas—Yesway announced it has acquired nine Tres Amigos convenience stores, marking the first major portfolio of stores that the Beverly, Massachusetts-based retailer has acquired in 2022. The move follows the August launch of the new Allsup's Express concept store adjacent to the campus of Texas Tech University in Lubbock, Texas, and the earlier announced openings of Allsup's stores in New Mexico, Oklahoma and Texas.

The Yesway portfolio now stands at 423 stores in total, with the company having opened over 30 new-to-industry and relocated stores to date in 2022.

"We have always been attracted to the Texas market and are extremely pleased to have Tres Amigos join us under the Allsup's banner," said Thomas W. Brown, Yesway's director of acquisitions. "It is an exciting time for all of us, and I am very proud of our acquisitions, due diligence and on-boarding teams. Their collective hard work and dedication have been critical to our being able to keep growing our portfolio. They thrive in this fast-paced environment and are doing a stellar job."

The newly acquired stores each have 2,828 square feet of merchandising space plus six fueling stations, and many locations feature diesel fueling islands.

Yesway now owns and operates convenience stores and truck stops, including the Allsup's convenience store chain, in nine states: Iowa, Kansas, Missouri, Nebraska, New Mexico, Oklahoma, South Dakota, Texas and Wyoming.