Casey’s Agrees to Acquire 63 Convenience Stores From EG Group
- None.
- None.
The stores are located in
Casey’s and EG America, two of the leading convenience store chains in
Darren Rebelez, President and Chief Executive Officer at Casey’s, said: “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. This opportunity is an excellent strategic fit as we look to add locations in
Nick Unkovic, President of EG America, said: “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. 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-CEO of EG Group, said: “EG Group is pleased to have found a new home for some of our Certified Oil and Minit Mart portfolio. 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.”
About Casey’s
Casey’s is a Fortune 500 company (NASDAQ: CASY) operating over 2,500 convenience stores. Founded more than 50 years ago, the company has grown to become the third-largest convenience store retailer and the fifth-largest pizza chain in
About EG Group
Founded in 2001 by the Issa brothers, the
EG Group currently employs more than 50,000 colleagues working in over 6,600 sites across the UK&I,
Further information at www.eg.group
Forward-Looking Statements
Certain statements contained in this release may constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those that discuss future plans or expectations regarding business performance. Forward-looking statements are not guarantees of future business performance or that future events will occur, and inherently involve certain risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in any forward-looking statements, and we cannot assure you that the results or developments expressed in these statements will be realized or even if realized, will have the expected consequences to, or effects on, the business, prospects, store integration or growth, financial condition, results of operations or cash flows. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. Any forward looking statements in this release represent current views as of the date of this release with respect to future events, and any intention or obligation to update or revise any forward-looking statements in the release, whether as a result of new information, future events, or otherwise, is expressly disclaimed.
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For further information, please contact:
For Casey’s –
Investor Relations Contact: Brian Johnson +1 (515) 965-6587
Media Relations Contact: Katie Petru +1 (515) 446-6772
For EG America Media Relations –
Emily Pickering, epickering@thecastlegrp.com
+1 (617) 337-9517 direct / +1 (978) 886-3009 mobile
For EG Group Media Relations –
FGS Global
Rollo Head: +44 (0) 7768 994987
Jenny Davey: +44 (0) 7901 513610
James
EGGroup-LON@fgsglobal.com
For EG Group Investor Relations –
Daniela Higgins: Daniela.carette@eg.group
Source: Casey’s General Stores
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