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Announced

Completed

Maverik – Adventure’s First Stop completed the acquisition of Kum & Go from Krause Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

United States

Diversified Retailers

convenience stores

Domestic

Single Bidder

Acquisition

Friendly

Completed

Synopsis

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Maverik – Adventure’s First Stop, a gas station and retail store operator, completed the acquisition of Kum & Go, a convenience store chain operator, from Krause Group, a business conglomerate. Financial terms were not disclosed. “Kum & Go has always been driven by a desire to innovate, grow and serve our customers, our communities and our people. Maverik has built its business in the same way and is ideally positioned to lead the next chapter of growth for Kum & Go. We have much in common and I look forward to welcoming Chuck’s leadership, his team and Maverik to Des Moines, which will always be the home of the Krause Group and important to our future," Kyle Krause, Krause President and CEO.

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