Casey’s General Stores will purchase 63 convenience stores from EG America, a subsidiary of the UK-based EG Group. The stores, in Kentucky and Tennessee, currently operate under the Minit Mart and Certified Oil banners. Financial terms of the deal, which is expected to close later this year, were not disclosed.
As part of a three-year strategic plan, Casey’s announced in June 2023 that it plans to add 350 stores through both organic growth and acquisitions.
“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 of Casey’s in a statement. “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.”
“EG Group is pleased to have found a new home for our Certified Oil and Minit Mart portfolio,” said Zuber Issa, Co-founder and Co-CEO of EG Group in a statement. “For EG Group, this divestment also represents another important step in executing our deleveraging strategy.”