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Caseys buys another chain

News

November 9th, 2020 by Ric Hanson

(Radio Iowa) – The Ankeny-based Casey’s convenience store chain has purchased another chain with stores in several states. Casey’s announced the agreement today (Monday) to acquire Buchanan Energy — the owner of Bucky’s Convenience Stores — in an all-cash transaction for 580 million dollars.

Bucky’s Convenience Stores were founded as a family-owned and operated business in 1980. It has stores mainly in Illinois and Nebraska — with others Missouri, Texas, and one in Council Bluffs, Iowa.

Casey’s acquisition will include 94 retail stores and 79 dealer locations, and multiple parcels of real estate for future new store construction. The purchase will increase Casey’s store count to more than 23-hundred. The transaction is anticipated to close by the end of this year.