M&A Deal Summary

Casey s Acquires Circle K - 49 Oklahoma Stores

On March 22, 2021, Casey s acquired retailer Circle K - 49 Oklahoma Stores from Circle K for 39M USD

Acquisition Highlights
  • This is Casey s’ 3rd transaction in the Retail sector.
  • This is Casey s’ largest (disclosed) transaction.
  • This is Casey s’ 3rd transaction in the United States.
  • This is Casey s’ 1st transaction in Arizona.

M&A Deal Summary
Date 2021-03-22
Target Circle K - 49 Oklahoma Stores
Sector Retail
Buyer(s) Casey s
Sellers(s) Circle K
Deal Type Divestiture
Deal Value 39M USD

Target

Circle K - 49 Oklahoma Stores

Phoenix, Arizona, United States
49 Oklahoma Stores includes 46 leased properties and 3 owned properties and is expected to close in the fiscal quarter ended, July 31, 2021. These stores will be supplied by the company’s new distribution center in Joplin, MO.

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Buyer(S) 1

Buyer

Casey s

Ankeny, Iowa, United States
Category Company
Founded 1959
Sector Retail
Employees20,451
Revenue 15.1B USD (2023)
DESCRIPTION
Casey's General Stores' corporate headquarters in Ankeny, Iowa.
Casey's General Stores' corporate headquarters in Ankeny, Iowa.

Casey's operates a national chain of gas stations and convenience stores. Casey's was incorporated in 1959 and is based in Ankeny, Iowa.

DEAL STATS #
Overall 3 of 5
Sector (Retail) 3 of 4
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 3 of 5
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-07 Fantasy s

Omaha, Nebraska, United States

Fantasy's, Inc. is an Omaha's premium chain of gas stations, convenient stores, and touchless car washes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-14 Buchanan Energy

Omaha, Nebraska, United States

Buchanan Energy is a Midwest distributor of branded and unbranded fuels. Buchanan Energy forges partnerships that utilize proven strategies to make operations more profitable. Its own retail enterprise provides all the tools and expertise to helps businesses increase sales and margins.

Buy -

Seller(S) 1

SELLER

Circle K

Phoenix, Arizona, United States
Category Company
Founded 1951
Sector Retail
Employees90,000
DESCRIPTION

Circle K is a global convenience and fuel retailer. The Circle K banner regroups a network of more than 10,500 stores in 27 countries. Circle K stores offer a broad mix of food products, premium coffee, beverages, other merchandise and services and motor fuel.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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