Maverik Inc.

While staying low-key on the mergers-and-acquisitions front in 2024, Maverik Inc. 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 2023, doubling the size of 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. At the same time, the owners of Kum & Go were pursuing investment interests outside the convenience channel. The two chains found common ground and closed the deal. While initially saying it would only rebrand stores in certain states, Maverik leadership made the call to retire the Kum & Go name.

In July, Crystal Maggelet officially stepped into the role of CEO and "chief adventure guide" of Maverik. This followed Chuck Maggelet retiring as CEO and chief adventure guide at Maverik, and Crystal Maggelet, chairman and CEO of Maverik's parent company, FJ Management, stepping into the CEO role on an interim basis.

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 and Kum & Go combined have created a network of stores in 17 states: Arizona, California, Colorado, Idaho, Minnesota, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington and Wyoming. The Maverik 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.

For benchmarking purposes, store counts are as of Jan. 1, 2025.