US convenience operator Casey’s General Stores has today (4 March) announced plans to acquire some five outlets from QuickTrip in Springfield, Missouri.
Casey’s said the stores will be immediately rebranded to the Casey’s banner once the transaction is completed.
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“Springfield has been a great market for Casey’s and we are excited to expand our presence there,” said Casey’s president and CEO Robert Myers. “These stores have been well maintained and are high volume locations that will be a perfect fit for our proprietary prepared food programme.”
The company expects the deal to close in its first quarter of 2012 and to be immediately accretive to earnings.
Terms of the deal were not disclosed.
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