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BEVERLY, Mass. – The convenience store chain Yesway has completed the private placement of an additional $235 million of equity, the company announced recently.
The new capital will finance an extensive razing-and-rebuilding and remodeling campaign and help Yesway pursue additional acquisitions to expand the company’s brand presence, the company said in a news release.
Brookwood Financial Partners LLC, the private equity firm that founded Yesway, was the sole private placement agent for the offering. Brookwood has raised more than $642 million altogether in equity capital for Yesway, in addition to arranging more than $237 million in sale-leaseback proceeds.