Casey’s to Acquire 40 Pilot Stores in $220M Deal

Casey’s General Stores is acquiring 40 Pilot convenience stores for $220 million.

The deal, which is an all-cash transaction, includes stores located in Kentucky and Tennessee. The transaction extends Casey’s presence in those states, according to Chain Store Age. 

Casey’s is in the process of executing a three-year plan to add 345 stores to its portfolio. The company acquired 94 Bucky’s convenience stores in May this year from Buchanan Energy. Casey’s is the third-largest convenience store chain in the U.S., with 2,300 locations.

By comparison, Pilot has 800 locations, including retail and fueling locations. The Pilot Flying J network encompasses more than 750 locations in 44 states and six Canadian provinces with more than 680 restaurants, 74,000 truck parking spaces, 5,300 deluxe showers and 6,200 diesel lanes. The Pilot convenience stores are owned and operated independently from the Pilot Flying J travel centers. 

“Casey’s is a great convenience store chain that shares similar values as Pilot and we couldn’t be more excited for what they will bring to the community,” said Jimmy Haslam, Pilot company chairman. “The company will continue our intense focus on growing our core travel center network and energy businesses with significant investments in our people and our stores to provide the best team member and guest experience at our more than 800 locations across North America.”

See the full story at Chain Store Age.