Casey’s General Stores signed a definitive agreement to acquire the Fuel & Go convenience store chain.
The all-cash transaction is valued at approximately $220 million.
The acquisition includes 60 locations across Iowa and Nebraska.
The deal is expected to close in the first quarter of 2027, pending regulatory approval.
Casey’s plans to rebrand the acquired sites to the Casey’s banner over the next 18 months.
The company announced the deal after market hours.
Analysts expect a positive market reaction when trading resumes.
This move aligns with Casey’s strategy of growing through targeted mergers and acquisitions.