Casey’s General Stores Acquires Convenience Stores from EG Group; Darren Rebelez, Nick Unkovic, and Zuber Issa Share
ANKENY, IO - If you’re reading this page, we can only assume your interest was piqued by news of a recent convenience store acquisition. Casey’s General Stores has announced a strategic agreement to purchase 63 convenience stores from EG America, a subsidiary of EG Group.
“One of the key pillars in our strategic plan is to accelerate our store growth over the next three years and bring Casey’s to more communities,” said Darren Rebelez, President and Chief Executive Officer at Casey’s. “This opportunity is an excellent strategic fit as we look to add locations in Kentucky and Tennessee, which are both within our existing distribution footprint. We look forward to serving more guests in these markets and welcoming the team members from this transaction into the Casey’s family.”
The 63 stores are located in Kentucky and Tennessee and currently operate under the Minit Mart and Certified Oil banners. As a press release noted, Casey’s is expected to retain the impacted employees at each store, and EG America is cooperating to make the transition as seamless as possible.
The deal is expected to close later this year, subject to customary regulatory approvals.
“We have built a strong and successful business over the years in these Certified Oil and Minit Mart stores, and we are proud of the hard work and dedication shown by our team members there,” Nick Unkovic, President of EG America, said. “Casey’s is an excellent operator, and we believe these stores and team members will continue to thrive under their ownership.”
Zuber Issa, Co-Founder and Co-Chief Executive Officer of EG Group, also commented.
“EG Group is pleased to have found a new home for some of our Certified Oil and Minit Mart portfolio,” said Issa. “This divestment will enable both parties to execute their strategic plans, respectively. For EG Group, this divestment also represents another important step in executing our deleveraging strategy.”
How will the convenience chain further broaden its geographical reach? Keep clicking on ANUK as we report.
