M&A Deal Summary

Casey s Acquires Fikes Wholesale

On November 5, 2024, Casey s acquired marketing company Fikes Wholesale

Acquisition Highlights
  • This is Casey s’ 1st transaction in the Marketing sector.
  • This is Casey s’ 5th transaction in the United States.
  • This is Casey s’ 1st transaction in Texas.

M&A Deal Summary
Date 2024-11-05
Target Fikes Wholesale
Sector Marketing
Buyer(s) Casey s
Deal Type Add-on Acquisition

Target

Fikes Wholesale

Temple, Texas, United States
Fikes Wholesale is a multi-branded petroleum products marketer that has been in business for 59 years. Fikes Wholesale offer and distribute quality fuel products from Shell, ExxonMobil, ChevronTexaco, CITGO and Valero to retail stations throughout Southeastern United States. Fikes Wholesale is based in Temple, Texas.

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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 5 of 5
Sector (Marketing) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Texas) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS 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.

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