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
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.