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08/15/2023

Casey’s to acquire 63 Minit Mart and Certified Oil c-stores from EG America

The deal adds locations to Casey’s footprint in Kentucky and Tennessee and marks the second acquisition Casey’s has made from EG America this year.
Elizabeth Christenson
Editor, Retail Leader
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  • Casey’s General Stores Inc. will acquire 63 convenience stores in Kentucky and Tennessee from EG America LLC for an undisclosed amount.
  • The stores operate under the Minit Mart and Certified Oil banners.
  • In March, Casey's acquired 26 Minit Mart stores from EG America in Kansas City, Missouri, for $48 million.
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Casey's General Stores

Casey’s General Stores Inc. will acquire 63 convenience stores from EG America LLC, a subsidiary of EG Group Ltd. The stores are located in Kentucky and Tennessee, and currently operate under the Minit Mart and Certified Oil banners.

Casey’s and EG America anticipate the deal, which was agreed upon for an undisclosed sum, will close later this year. The Ankeny, Iowa-based c-store chain is expected to retain the impacted employees at each store.

“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, Casey’s president and CEO, in a press release. “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.”

“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.”

In July, Casey’s, the nation's third largest convenience store retailer with more than 2,500 stores in 16 states, said it planned to add 350 stores by the end of fiscal year 2026, through organic growth and acquisitions. In March, Casey's acquired 26 Minit Mart stores from EG America in Kansas City, Missouri, for $48 million along withfive former DeliMarket stores in Iowa. 

United Kingdom-based EG Group, founded in 2001 by Mohsin and Zuber Issa, operates more than 6,000 c-store locations in Europe, U.S. and Australia. 

“EG Group is pleased to have found a new home for some of our Certified Oil and Minit Mart portfolio,” Zuber Issa, co-founder and co-CEO of EG Group, said. “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.”