Casey’s Announces Closing of Fikes Wholesale Acquisition, Provides Business Update

Casey’s General Stores, Inc., one of the leading convenience store chains in the United States, today announced the closing of the previously announced acquisition of Fikes Wholesale, owner of CEFCO Convenience Stores, on Nov.1, 2024. The acquisition will bring 148 additional stores to Texas, which is a highly strategic market for Casey’s, as well as 50 stores in the southern states of Alabama, Florida and Mississippi. This acquisition brings the total store count to approximately 2,900 stores.

“This acquisition is the largest in Casey’s history and in line with the strategic plan laid out at the June 2023 Investor Day,” said Darren Rebelez, Board Chair, President and Chief Executive Officer of Casey’s. “We are thrilled to complete this transaction, welcome Fikes to the Casey’s team and look forward to bringing Casey’s pizza to these high-volume stores.”

Business Update

Casey’s expects the fuel margin for the second quarter ended, Oct. 31, 2024, to be approximately 40 cents per gallon.

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