Convenience store chain Casey’s General Stores (Casey’s) has entered into an agreement to acquire 63 locations from EG America, a subsidiary of EG Group.
Currently operating under the Minit Mart and Certified Oil banners, these stores are located in Kentucky and Tennessee.
The deal is subject to customary regulatory approvals and is expected to close later this year.
Financial terms of the transaction have not been disclosed.
Following the deal, Casey’s is expected to retain employees from the acquired locations.
The acquisition comes closely after Casey’s unveiled plans to drive store growth as part of its three-year strategic plan.
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Casey’s, which has more than 2,500 stores, is planning to add 350 stores by the end of fiscal year 2026.
Casey’s president and chief executive officer Darren Rebelez said: “One of the key pillars in our strategic plan is to accelerate our store growth over the next three years and bring Casey’s to more communities.
“This opportunity is an excellent strategic fit as we look to add locations in Kentucky and Tennessee, which are both within our existing distribution footprint. We look forward to serving more guests in these markets and welcoming the team members from this transaction into the Casey’s family.”
EG America’s owner EG Group has more than 6,600 sites across the UK and Ireland, Europe, the US and Australia.
In May this year, the company divested its UK and Ireland operations to supermarket chain Asda for an enterprise value of approximately £2.27bn.