Maverik Inc.

Maverik made one of the industry's boldest acquisitions of 2023, purchasing a chain equal in size and industry cache in West Des Moines, Iowa-based Kum & Go. The $2-billion deal closed in August of last year, doubling the size of the Salt Lake City-based Maverik by 405 stores.

Maverik owners were experiencing a windfall through investments in Omaha, Nebraska-based Berkshire Hathaway's takeover of what is now Pilot Co., Knoxville, Tennessee, while at the same time, owners of Kum & Go were pursuing investment interests outside the convenience channel. They found common ground and closed the deal.

While initially saying it would only rebrand in certain states, Maverik leadership made the call to retire the Kum & Go name, according to CSP reports. Maverik in 2023 was voted the No. 1 Best Gas Station for Food and No. 5 Five Best Gas Station Brand in the United States, according to the USA Today 10 Best Readers' Choice Awards.

In partnership with Feeding America, since 2021, Maverik has contributed more than 16 million meals to member food banks throughout its operating region through ongoing donations and continually expanding its food-waste reduction program. Together with newly acquired Kum & Go, Maverik's combined food waste reduction program is active in nearly 450 stores across 13 states serving 24 local food banks and growing.

Maverik operates stores in 13 states: Arizona, California, Colorado, Idaho, Montana, New Mexico, Nebraska, Nevada, Oregon, South Dakota, Utah, Washington and Wyoming. The brand targets adventure seekers and outdoor enthusiasts by establishing itself as a "base camp" to fuel up for activities such as off-roading, biking, canoeing and mountain climbing, while reflecting the natural beauty of the local communities' favorite outdoor adventures in the stores' design and incorporating them into the stores' concept and decor.

Kum & Go operates in 11 states, including Iowa, Arkansas, Colorado, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota and Wyoming.

For benchmarking purposes, store counts are as of Jan. 1, 2024.