This is an exciting time for Casey’s, and we look forward to welcoming the Bucky’s team.” “We anticipate that the acquisition will create compelling value for Casey’s shareholders in the near- and long-term,” Rebelez added, “and it will quickly be accretive to Casey’s EBITDA and earnings per share. “The addition of Casey’s pizza to our existing high-volume stores will be celebrated by our customers, and our shared Midwestern roots and community values are aligned as we continue to serve our loyal customers.”

“The acquisition by Casey’s is an exciting milestone in our 40-year history, and I am pleased that Bucky’s will join a top convenience retailer for its next chapter,” he said. Steve Buchanan, founder and president of Buchanan Energy and Bucky’s, highlighted the strategic alignment between the two convenience organizations. Adding Bucky’s to the Casey’s family is aligned with our strategy.” “We’ve been hard at work executing on our strategic vision to reinvent the guest experience creating efficiencies to improve the shape of our business and to fund future growth and accelerating our new store builds and acquisitions.

“In January of this year, we outlined our business strategy to achieve top-quintile EBITDA growth and deliver on our purpose ‘to make life better for communities and guests every day’,” said Darren Rebelez, president and chief executive officer of Casey’s. This new capability will provide the Company future flexibility with respect to mergers and acquisitions as well as a new income stream while leveraging its scale for fuel procurement. The transaction will also include a dealer network of stores where Casey’s will manage fuel supply agreements to these stores. The acquisition will enhance Casey’s presence in these attractive markets and enables the company to bring Casey’s offerings to a broader group of consumers. Today, they operate convenience stores primarily in Illinois and Nebraska.Ĭasey’s acquisition of Buchanan Energy will include 94 retail stores and 79 dealer locations, as well as multiple parcels of real estate for future new store construction, which will increase Casey’s footprint to over 2,300 stores. The purchase price includes tax benefits valued at $80 million for a net after-tax purchase price of $500 million.īuchanan Energy and Bucky’s Convenience Stores were founded as a family-owned and operated business in 1980.

announced an agreement to acquire Buchanan Energy, owner of Bucky’s Convenience Stores, in an all-cash transaction for $580 million. Ankeny, Iowa-based Casey’s General Stores Inc.

Casey&#39;s general store

Casey's general store