Casey’s General Expands with Major Acquisition and Growth

Casey’s General ( (CASY) ) just unveiled an update.

Casey’s General Stores has completed its largest acquisition to date by purchasing Fikes Wholesale, adding 198 stores across Texas and the southern states, enhancing its strategic market presence. The deal, funded by an $850 million term loan, aligns with Casey’s growth plan and expands its convenience store footprint to approximately 2,900 locations. This strategic move is anticipated to boost the company’s fuel margin and strengthen its position as a leading retail player.

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