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Casey's Announces Agreement to Acquire 198 CEFCO Convenience Stores in a $1.145 billion All-Cash Transaction
Contract Type
agreement
AnkenyFood And BeverageHospitalityE CommerceGroceryRetailDescription
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.