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Casey’s General Stores Acquires Convenience Stores from EG Group; Darren Rebelez, Nick Unkovic, and Zuber Issa Share

Casey’s General Stores Acquires Convenience Stores from EG Group; Darren Rebelez, Nick Unkovic, and Zuber Issa Share


ANKENY, IO
Thursday, August 17th, 2023

One key growth strategy is playing out for a well-known convenience chain as Casey’s General Store unveils its latest expansion play. The convenience store operator recently unveiled a tactical agreement to purchase 63 convenience stores from EG America, a subsidiary of EG Group. The 63 stores are located in Kentucky and Tennessee and currently operate under the Minit Mart and Certified Oil banners.

Darren Rebelez, President and Chief Executive Officer, Casey’s General Stores“One of the key pillars in our strategic plan is to accelerate our store growth over the next three years and bring Casey’s to more communities,” said Darren Rebelez, President and Chief Executive Officer at Casey’s. “This opportunity is an excellent strategic fit as we look to add locations in Kentucky and Tennessee, which are both within our existing distribution footprint. We look forward to serving more guests in these markets and welcoming the team members from this transaction into the Casey’s family.”

The deal is expected to close later this year, subject to customary regulatory approvals.

Casey’s General Stores has announced a strategic agreement to purchase 63 convenience stores from EG Group subsidiary EG America

Casey’s is expected to retain the impacted employees at each store, and EG America is cooperating to make the transition as seamless as possible, a press release explained.

Nick Unkovic, President, EG America“We have built a strong and successful business over the years in these Certified Oil and Minit Mart stores, and we are proud of the hard work and dedication shown by our team members there,” Nick Unkovic, President of EG America, said. “Casey’s is an excellent operator, and we believe these stores and team members will continue to thrive under their ownership.”

Zuber Issa, Co-Founder and Co-Chief Executive Officer of EG Group, also commented on the transaction.

Zuber Issa, Co-Founder and Co-Chief Executive Officer, EG Group“EG Group is pleased to have found a new home for some of our Certified Oil and Minit Mart portfolio,” said Issa. “This divestment will enable both parties to execute their strategic plans, respectively. For EG Group, this divestment also represents another important step in executing our deleveraging strategy.”

We will continue to report on strategies for achieving growth in the retail sector, so keep a tab open for Deli Market News.

Casey’s General Stores
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