Mergers & Acquisitions

Casey’s Divests Altamont, Kansas, Store

Retailer also set to open new Rock Rapids, Iowa, location; chain is official c-store of RAGBRAI
Logos/Casey's General Stores, Pete's Corp, RAGBRAI

Casey’s General Stores Inc. recently divested a convenience store in Altamont, Kansas, to Pete’s Corp., according to a report by the Parsons Sun.

“Casey’s frequently reviews its asset base and divests those [stores] that don’t align with our long-term strategic plan,” Katie Petru, Casey’s director of communications and community, told CSP Daily News.

Pete’s Corp. acquired the Altamont store from Casey’s on Jan. 11, Gratz Peters, president of Pete’s, told CSP Daily News. “A remodel is currently in progress, as well as adding Pete’s proprietary foodservice including a Simple Simon’s Pizza program,” he added.

Parsons, Kansas-based Pete’s currently operates 54 c-stores in Kansas, Missouri and Oklahoma.

In a separate deal, Casey’s has acquired a property in Rock Rapids, Iowa, a Sinclair site, according to a report by KIWA Radio. The retailer is “on track to re-open the store as a Casey’s in early February. The store will be a full-service Casey’s with all our convenience items, quality food and prepared foods including our handmade pizza, breakfast sandwiches and bakery items,” Petru told the news outlet.

When that store opens, the company will close an existing, nearby location in Rock Rapids, said the report.

  • Casey's General Stores Inc. is No. 3 on CSP's 2023 Top 202 list of convenience-store chains by store count. Pete's is No. 139.

In other Casey’s news, the retailer has announced its continuing sponsorship of the world’s longest multi-day bicycle touring event, Register’s Annual Great Bicycle Ride Across Iowa, known as RAGBRAI, July 20-27.

“RAGBRAI is a special and iconic event, bringing focus to the towns that Casey’s calls home,” Petru said. “We are thrilled to welcome riders to Iowa, invite them to enjoy our delicious, handmade pizza and give them an amazing Casey’s experience along their ride.”

“We are thrilled to have Casey’s return as the official convenience store of RAGBRAI,” said Matt Phippen, RAGBRAI ride director. “They’ve provided the fuel for our support drivers and riders through the years. You can’t think of RAGBRAI without thinking of Casey’s.”

Casey’s has also teamed up with custom cycling apparel brand Primal to provide an online shop where riders and fans can purchase this year’s Casey’s cycling jerseys.

Ankeny, Iowa-based Casey’s has more than 2,500 locations in 17 Midwestern states.

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