logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Casey’s completes acquisition of Fikes Wholesale to expand store count to 2,900

Nov 05, 2024•about 1 year ago

Acquiring Company

Casey's General Stores

Acquired Company

Fikes Wholesale

AnkenyTempleGroceryHospitalityFood And BeverageRetailOil And Gas

Description

Casey’s General Stores, Inc. has announced the closing of the acquisition of Fikes Wholesale, bringing 148 additional stores to Texas and 50 stores in southern states. This strategic acquisition expands Casey’s total store count to approximately 2,900 stores.

Company Information

Company

Casey's General Stores

Location

Ankeny, Iowa, United States

About

Casey's General Stores Inc. is a leading convenience-store chain in the Midwest. The company offers a wide range of products including groceries, fuel, and prepared food. It is known for its commitment to community involvement and customer service. Recently, Casey's has focused on growth through acquisitions.

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed