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Casey’s completes $1.145B acquisition of Fikes Wholesale

PRIVATESep 16, 2026about 3 hours ago

Acquiring Company

Casey’s General Stores

Acquired Company

Fikes Wholesale

AnkenyTempleFood And BeverageHospitalityE CommerceGroceryRetailOil And Gas

Description

Casey’s General Stores has completed its acquisition of Fikes Wholesale, owner of CEFCO Convenience Stores, for $1.145 billion. This acquisition marks the largest in Casey’s history, increasing its total store count to approximately 2,900. The remodeled stores have already shown a positive impact on food and beverage sales. Casey’s plans to integrate CEFCO into its operations and continue expanding its market presence.

Company Information

Company

Casey’s General Stores

Location

Ankeny, Iowa, United States

About

Casey’s General Stores, Inc. is one of the leading convenience store chains in the United States

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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

Frequently asked

Who acquired Fikes Wholesale?

Fikes Wholesale was acquired by Casey’s General Stores, based in Ankeny. The deal was reported on September 16, 2026. Casey’s General Stores, Inc. is one of the leading convenience store chains in the United States Casey’s General Stores is privately held and operates in Food And Beverage.

When did Casey’s General Stores acquire Fikes Wholesale?

Casey’s General Stores's acquisition of Fikes Wholesale was reported on September 16, 2026. Casey’s General Stores has completed its acquisition of Fikes Wholesale, owner of CEFCO Convenience Stores, for $1.145 billion. This acquisition marks the largest in Casey’s history, increasing its total store count to approximately 2,900. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Fikes Wholesale do?

Fikes Wholesale, Inc., the owner of CEFCO Convenience Stores, started as a single filling station in 1952 in Cameron, Texas, and has grown into a respected operator with stores in multiple states. It is privately held, operating in Oil And Gas, and is based in Temple.

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