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New Deal


Announced

Casey’s General Stores to acquire Bucky’s Convenience Stores from Buchanan Energy for $580m.

Financials

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Transaction Value£440m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA10.6x
Share Price Premium-
One Off Charge-

Tags

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United States

Domestic

Majority

Diversified Retailers

Single Bidder

Friendly

Pending

Disposal

Acquisition

convenience stores

Private

Synopsis

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Casey’s General Stores, a convenience store chain in the United States, agreed to acquire Bucky’s Convenience Stores from Buchanan Energy, which operates convenience stores primarily in Illinois and Nebraska, for $580m. "In January of this year, we outlined our business strategy to achieve top-quintile EBITDA growth and deliver on our purpose ‘to make life better for communities and guests every day. We’ve been hard at work executing on our strategic vision to reinvent the guest experience; creating efficiencies to improve the shape of our business and to fund future growth; and accelerating our new store builds and acquisitions. Adding Bucky’s to the Casey’s family is aligned with our strategy," Darren Rebelez, Casey’s President and CEO. On April 28, 2021, the FTC approved Casey's General stores purchase of Buck Intermediate, with conditions.

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