Yesway raises $235M to boost growth

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.