Press release
Casey’s Announces the Closing of Buchanan Energy Acquisition
ANKENY, Iowa--(BUSINESS WIRE)-- Casey’s General Stores, Inc. (“Casey’s” or the “Company) (Nasdaq: CASY), one of the leading convenience store chains in the
About this update from Caseys General Stores, Inc.
[{"type":"text","content":" ANKENY, Iowa--(BUSINESS WIRE)--\nCasey’s General Stores, Inc. (“Casey’s” or the “Company) (Nasdaq: CASY), one of the leading convenience store chains in the United States, today announced the closing of 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.\n\nThe 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.\n\n“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.\n\nAbout Casey’s\n\nCasey’s is a Fortune 500 company (NASDAQ: CASY) operating over 2,300 convenience stores. Founded more than 50 years ago, the company has grown to become the fourth-largest convenience store retailer and the fifth-largest pizza chain in the United States. Casey’s provides freshly prepared foods, quality fuel and friendly service at its locations. Guests can enjoy pizza, donuts, other assorted bakery items, and a wide selection of beverages and snacks. Learn more and order online at www.caseys.com, or in the mobile app.\n\nForward-looking Statements\n\nThis release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include any statements, with respect to the Company and the acquisition, relating to our expectations for future periods, possible or assumed future results of operations, financial conditions, liquidity and related sources or needs, business and/or integration strategies, plans and synergies, supply chai...