Mergers & Acquisitions

Casey’s Acquires Panther Travel Center

Retailer will rebrand Cedar Falls, Iowa, location, building new convenience store nearby
panther travel center casey's convenience stores

Convenience-store retailer Casey’s General Stores Inc. has acquired Panther Travel Center in Cedar Falls, Iowa, with plans to open the location under the Casey’s brand next month.

“Casey’s is purchasing the Panther Travel Center located at 1525 West Ridgeway. The plan is to open it as a Casey’s by April if timelines remain on track,” Casey’s spokesperson Katie Petru told CSP Daily News. “The travel center will serve our delicious, handmade pizza as well as other food items from our kitchen, and it will carry convenience item products and have eight fuel dispensers.”

The 14,560-square-foot travel center opened in 2020, according to a report by The Courier. Its last day in operation as Panther Travel Center is March 26, when the companies expect the sale to close, said the report. They did not disclose the price tag on the deal.

A spokesperson for MT Tanks LLC, owner of the property and travel center, declined to comment to the newspaper on the sale.

Casey’s is building a sixth convenience store in the area, the report said.

  • Casey's General Stores is No. 3 on CSP’s 2023 Top 202 ranking of convenience-store chains by store count.

Ankeny, Iowa-based Casey’s operates more than 2,600 c-stores in 17 greater Midwestern states and Texas. The company is the third-largest convenience-store retailer, the fourth-largest holder of liquor licenses and the fifth-largest pizza chain in the United States.

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