Casey’s General Stores Inc. has purchased Wow! Foodmart LLC and its affiliated retail portfolio. The transaction includes seven convenience stores, one travel center and four liquor stores in central Kentucky.
These properties are located between Lexington and Richmond, with many situated along the heavily traveled Interstate 75 corridor.
Casey's General Stores Inc. is No. 3 on CSP’s 2024 Top 202 ranking of convenience-store chains by store count.
Casey’s is rebranding the stores.
“We closed on this transaction in Lexington, Kentucky, and Richmond, Kentucky, in November 2024. Six of the locations are Casey’s with our iconic pizza and other prepared food offerings, and one location is our goodstop brand. We are excited to keep growing in Kentucky and welcoming guests to these stores,” a Casey’s spokesperson told CSP.
“Casey’s is acquiring top-tier retail assets that will further strengthen their growing footprint,” said Jeff Traub, partner at Downstream Energy Group (DEG), which served as the exclusive advisor in the successful sale of Lexington-based Wow! Foodmart. “The principals of Wow! Foodmart LLC and its affiliated companies have built an exceptional business.”
Jonesboro, Arkansas-based DEG is an independent, privately held advisory team providing national mergers and acquisitions (M&A) and strategic advisory services in the energy sector. It specialize in the sale of gas and convenience, travel centers, wholesale bulk distribution, propane and petroleum transportation companies.
Casey’s, based in Ankeny, Iowa, operates more than 2,600 c-stores in the greater Midwest under the Casey’s and goodstop brands and in Texas under the Lone Star Food Stores and CEFCO brands. 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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