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Casey's General Stores buys Buchanan Energy, Bucky’s Convenience Stores

KETV Omaha logo KETV Omaha 11/9/2020
logo, company name: Casey's © Casey's Casey's

Casey’s General Stores, Inc. announced on Monday that it has acquired Buchanan Energy, owner of Bucky’s Convenience Stores, in an all-cash transaction for $580 million.

Casey’s acquisition of Buchanan Energy will include 94 retail stores and 79 dealer locations, which will give Casey’s a total of more than 2,300 stores.

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“In January of this year, we outlined our business strategy to achieve top-quintile EBITDA growth and deliver on our purpose ‘to make life better for communities and guests every day,'” said Darren Rebelez, president and chief executive officer of Casey’s. “We’ve been hard at work executing on our strategic vision to reinvent the guest experience; creating efficiencies to improve the shape of our business and to fund future growth; and accelerating our new store builds and acquisitions. Adding Bucky’s to the Casey’s family is aligned with our strategy.”

“The acquisition by Casey’s is an exciting milestone in our 40-year history, and I am pleased that Bucky’s will join a top convenience retailer for its next chapter. The addition of Casey’s pizza to our existing high-volume stores will be celebrated by our customers, and our shared Midwestern roots and community values are aligned as we continue to serve our loyal customers," Steve Buchanan, founder and president of Buchanan Energy and Bucky’s, said.

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READ THE FULL STORY:Casey's General Stores buys Buchanan Energy, Bucky’s Convenience Stores

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