October 10, 2019
Yesway entered into a definitive agreement to acquire Allsup’s Convenience Stores Inc., which is headquartered in Clovis, NM. Allsup’s is a convenience retailer, with a portfolio of more than 300 stores throughout Texas, New Mexico and Oklahoma. The sales price and closing date were not immediately available.
According to Alsup’s president, Mark Alsup, the convenience stores will retain the branding and offerings. “We chose Yesway as a partner because their values are truly aligned with ours,” he added. “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.”
Goldman Sachs is Yesway’s financial advisor. Goldman Sachs and RBC are joint lead arrangers on the associated debt facility.
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