Casey's Acquiring Stores From EG America

Casey’s General Stores has reached an agreement to acquire 63 convenience stores from EG America, LLC. The stores are located in Kentucky and Tennessee, and currently operate under the Minit Mart and Certified Oil banners.

Casey’s and EG America anticipate the deal will close later this year, subject to customary regulatory approvals. Casey’s is expected to retain the impacted employees at each store

“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 CEO 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.”

Zuber Issa, co-founder and co-CEO of EG Group, said: “EG Group is pleased to have found a new home for some of our Certified Oil and Minit Mart portfolio. 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.”