US convenience retailer Casey’s General Stores has announced the acquisition of 24 Stop-n-Go outlets.
Twenty of the stores are located in North Dakota and four are located in Minnesota.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The acquisition will be “accretive” to earnings in the first year of operations, explained Casye’s CEO and president Rob Myers.
“We are excited about the opportunity to acquire the Stop-n-Go chain as they are a well-managed and established group of stores in a relatively new market area for Casey’s,” Myers said yesterday (12 February).
“We hope this acquisition serves as a springboard for more Casey’s locations in the area as we continue to look for opportunities to build and buy stores in the upper Midwest,” he added.
Shares in Casey’s General Stores were down 0.90% at US$66.33 at 15:52.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
