Announced
Financials
Sources
Tags
United States
Domestic
Majority
Diversified Retailers
Single Bidder
Friendly
Pending
Disposal
Acquisition
convenience stores
Private
Synopsis
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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