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Casey's Announces Agreement to Acquire 198 CEFCO Convenience Stores in a $1.145 billion All-Cash Transaction

Casey's Announces Agreement to Acquire 198 CEFCO Convenience Stores in a $1.145 billion All-Cash Transaction

07/26/24, 12:22 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgankeny
Money
$1.15 billion
Industry
grocery
hospitality
food and beverage
retail
Type
agreement
Casey’s General Stores, Inc. has announced an agreement to acquire Fikes Wholesale, Inc., owner of CEFCO Convenience Stores, in an all-cash transaction for $1.145 billion. The acquisition includes 198 retail stores, a dealer network, a fuel terminal, and a commissary to support the Texas stores, allowing Casey’s to accelerate its unit growth plan with expanded presence in Texas and the southern states of Alabama, Florida, and Mississippi.

Company Info

Company
Casey’s General Stores
Location
ankeny, iowa, united states
Additional Info
Casey’s General Stores, Inc. is one of the leading convenience store chains in the United States

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