Alabama gas and travel centers included in $1.1 billion acquisition

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The deal includes 50 stores in Alabama, Florida and Mississippi.

Casey’s General Stores Inc. on Friday agreed to acquire Fikes Wholesale Inc., owner of CEFCO Convenience Stores, in an all-cash transaction for $1.145 billion.Casey’s General Stores Inc. on Friday announced it is acquiring the owner of CEFCO Convenience Stores for $1.145 billion, growing the company by 198 stores and a dealer network.When completed, the deal will increase Casey’s footprint to almost 2,900 stores and expand its reach into Texas, Alabama, Florida and Mississippi.

Iowa-based Casey’s General Stores operates more than 2,650 convenience stores and is the U.S.’ third-largest convenience-store retailer. It is also the fourth-largest holder of liquor licenses and the fifth-largest pizza chain in the country.5 Alabama civil rights sites nominated for World Heritage ListIf you purchase a product or register for an account through a link on our site, we may receive compensation.

 

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