The Krause family, the owner of convenience-store chain Kum & Go, is exploring options including a sale of the company that could value it at close to $2 billion, according to a Reuters report citing people familiar with the matter.
Kum & Go’s owners are also exploring a refinancing, real estate leasebacks or other forms of recapitalization as potential alternatives, although no transaction is certain, said the report.
The company is working with JPMorgan Chase & Co. to identify the best financial option for the convenience-store chain, the news agency said.
In response to a CSP request, a spokesperson for Kum & Go said the company "does not comment on rumor and speculation."
- Kum & Go is No. 18 on CSP’s 2022 Top 202 ranking of U.S. convenience-store chains by store count.
Established in Hampton, Iowa in 1959, Des Moines, Iowa-based Kum & Go LC is a fourth-generation, family-owned convenience-store chain with more than 400 c-stores in 11 states. The company also owns wineries and a soccer team.
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