INDIANAPOLIS -- Giant Eagle Inc. and Ricker’s have entered into an acquisition agreement, allowing the GetGo and Ricker’s convenience-store brands to join forces in serving customers in Indiana.
There will be no disruption to Ricker’s store operations as a result of the agreement between the two companies, nor are there any immediate plans to change the GetGo or Ricker’s store experiences, they said.
The companies expect the transaction to close by the end of the year. They did not disclose the financial terms of the deal.
“We are thrilled to partner with such a strong company, brand and talented group of Ricker’s employees,” said Laura Karet, Giant Eagle Inc.'s president and CEO. “We look forward to building on the great history that Ricker’s has in Indiana, and carrying forward many of the amazing offerings and services Ricker’s customers have come to expect.”
“Ricker’s has proudly served the Indiana community for nearly 40 years, and we are so excited to have found a partner in Giant Eagle and GetGo who shares the people-focused values we hold so dearly,” said President and CEO Quinn Ricker. “Giant Eagle, like Ricker’s, is a family-owned company. We believe strongly that the coming together of our two businesses will be a seamless, and extremely positive, experience for employees, customers and business partners alike.”
“We want to thank our loyal Ricker’s customers and assure them this new business arrangement will help us maintain our position as a leader in the convenience store industry,” said Chairman Jay Ricker.
Pittsburgh-based supermarket and convenience-store retailer Giant Eagle has approximately 230 supermarkets and 220 GetGo c-stores in Pennsylvania, Ohio, West Virginia, Maryland and Indiana. It opened its first new GetGo Cafe + Market c-store in Indianapolis in October 2015. It now has six in central Indiana, with a seventh planned to open in Zionsville, Ind., in October.
- Giant Eagle’s GetGo division is No. 39 on CSP’s 2018 Top 202 ranking of c-store chains by number of company-owned retail outlets.
Based in Anderson, Ind., Ricker Oil Co. was founded in 1979 by Jay and Nancy Ricker. The company opened its first convenience store in 1989. It now has 56 locations in Indiana.
- Ricker’s is No. 117 in CSP’s 2018 Top 202.
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