Casey’s announces major purchase of stores in Texas, Alabama, Florida, Mississippi
26 Jul 2024
News
The Ankeny-based Casey’s convenience store chain announced the acquisition today of 198 stores, including 148 in Texas and 50 in Alabama, Florida, and Mississippi.
Casey’s is purchasing the CEFCO convenience stores for $1.145 billion. Casey’s CEO Darin Rebelez talked about the purchase in a conference call for investors. “This acquisition will quickly expand Casey’s presence in Texas, a very attractive market for Casey’s, in addition, we’ll be able to expand our footprint further into the South as well,” he says.
Casey’s had already owned 22 stores in Texas and will have 2,900 stores overall once the acquisition is complete.
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