Casey's General Stores acquires Fikes Wholesale, owner of CEFCO Convenience Stores, for $1.145bn.

Convenience store chain Casey's General Stores is acquiring Fikes Wholesale, owner of CEFCO Convenience Stores, for $1.145bn in cash. The deal, expected to close in Q4 2024, will involve 198 retail stores, a dealer network, and a fuel terminal. The acquisition will increase Casey's footprint to nearly 2,900 stores and is expected to be accretive to EBITDA in the current fiscal year.

July 26, 2024
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