PE-Backed Convenience Store Operator Yesway Files for US IPO

Yesway Inc., a convenience store and gas station operator focused on rural communities in the Midwest and the Southwest, filed for an initial public offering.

The Fort Worth, Texas-based company’s parent, BW Ultimate Parent LLC, had net income of $54 million on revenues of $2.7 billion for the full year 2025, compared with net income of $24 million on revenues of $2.5 billion a year earlier, according to its filing Friday with the US Securities and Exchange Commission.

The offering could raise about $300 million, people familiar with the matter have said.

The filing comes as oil prices ...