M&A Deal Summary

Maverik Acquires Kum & Go

On April 21, 2023, Maverik acquired retailer Kum & Go from Krause Group

Acquisition Highlights
  • This is Maverik’s 1st transaction in the Retail sector.
  • This is Maverik’s 2nd transaction in the United States.
  • This is Maverik’s 2nd transaction in Iowa.

M&A Deal Summary
Date 2023-04-21
Target Kum & Go
Sector Retail
Buyer(s) Maverik
Sellers(s) Krause Group
Deal Type Divestiture

Target

Kum & Go

Des Moines, Iowa, United States
Kum & Go is a family-owned convenience store chain with over 400 locations across 13 states. Kum & Go was founded in 1959 and is based in Des Moines, Louisiana.

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Buyer(S) 1

Buyer

Maverik

Salt Lake City, Utah, United States
Category Company
Founded 1928
Sector Retail
DESCRIPTION

Maverik is an independent fuel marketer in the Intermountain West. Locations include Arizona, California, Colorado, Idaho, New Mexico, Nebraska, Nevada, Oregon, South Dakota, Utah, Washington, and Wyoming. Maverik is known for its premium BonFireTM food, made fresh in every Maverik, every day, and awesome values on fuel, drinks, and snacks. Maverik sells exclusive products in its BonFireTM fresh- made food menu and “Bean to Cup” coffee blends. Maverik was founded in 1928 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 2 of 2
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 2 of 2
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-21 Solar Transport

Des Moines, Iowa, United States

Solar Transport is a tank truck carrier and logistics provider. Solar Transport is based in Des Moines, Iowa.

Buy -

Seller(S) 1

SELLER

Krause Group

Des Moines, Iowa, United States
Category Company
Sector Diversified
DESCRIPTION

Krause Group is a parent company to a diverse set of businesses that include convenience retail, logistics, Italian wineries and hospitality, real estate, agriculture, and soccer clubs. Krause Group is based in Des Moines, Iowa.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

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