Casey’s closes Bucky’s acquisition
The acquisition deepens Casey’s Midwest presence, raising the company’s total owned and operated stores to over 2,300 units.
Leading convenience store chain Casey’s General Stores has closed the previously announced acquisition of Buchanan Energy, owner of Bucky’s Convenience Stores. The acquisition deepens Casey’s Midwest presence, notably in Nebraska and Illinois, and brings the company’s total owned and operated stores to over 2,300 units.
The acquisition marks the most significant transaction in Casey’s 52-year history, and is part of the implementation of its three-year strategic plan that was shared in January 2020 when the Company set a three-year goal of adding 345 stores to its chain.
The company will divest six stores as part of the consent order the company agreed to with the Federal Trade Commission, which will not materially alter the expected financial impact of the transaction as previously disclosed.
“We are pleased to complete this transaction and welcome the Bucky’s team to the Casey’s family,” said Darren Rebelez, President and Chief Executive Officer of Casey’s. “Steve Buchanan and his team have built up an extremely successful business, and Casey’s is excited to bring our hand-made pizza program to these well located, high volume stores.
Casey’s is a Fortune 500 company operating over 2,300 convenience stores.
