Casey’s Agrees to Acquire 63 Convenience Stores From EG Group
Summary
Casey’s and EG America, two of the leading convenience store chains in the United States, anticipate the deal will close later this year, subject to customary regulatory approvals. We look forward to serving more guests in these markets and welcoming the team members from this transaction into the Casey’s family.” Nick Unkovic, President of EG America, said: “We have built a strong and successful business over the years in these Certified Oil and Minit Mart stores, and we are proud of the hard work and dedication shown by our team members there. For EG Group, this divestment also represents another important step in executing our deleveraging strategy.” Casey’s is a Fortune 500 company (NASDAQ: CASY) operating over 2,500 convenience stores. Founded more than 50 years ago, the company has grown to become the third-largest convenience store retailer and the fifth-largest pizza chain in the United States. Mohsin and Zuber Issa, founders and co- CEOs of EG Group, were jointly named the 2018 EY Entrepreneur of the Year in the UK.