Congratulations to Casey’s on the
acquisition of 200 CEFCO stores

Congratulations to Casey’s on the
acquisition of 200 CEFCO stores

• Aug 01, 2024
• John Keller
• 0

Congratulations to Casey’s on their acquisition of Fikes, including 198 CEFCO retail stores, for $1.1b cash. The transaction will increase the Casey’s store count to 2900.

Casey’s shared its current three-year strategic plan in June 2023 and committed to adding at least 350 new units by fiscal 2026. The CEFCO deal, along with its strong growth in fiscal 2024, will enable Casey’s to achieve that target less than halfway through that plan, according to Casey’s president and CEO Darren Rebelez.

Fikes Wholesale has been in business since 1965; CEFCO has been using PriceAdvantage as their retail fuel pricing solution since 2010. This transaction is expected to close in the fourth quarter of the 2024 calendar year.

This was reported by CSP magazine here.

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