Casey’s completes 94-store acquisition

Casey’s General Stores has expanded its Midwest footprint.

The convenience store chain has completed the closing of Buchanan Energy, owner of Bucky’s Convenience Stores. Casey’s announced in November that it would acquire the chain in an all-cash transaction for $580 million. 

Buchanan Energy operates 94 stores, including 56 locations in Illinois and 26 in Nebraska. The acquisition deepens Casey’s Midwest presence, notably in Nebraska and Illinois, and brings the company’s total owned and operated stores to more than 2,300 units. The company will divest six stores as part of the consent order it agreed to with the Federal Trade Commission.

The Bucky’s acquisition is part of Casey’s three-year strategic plan, announced in January 2020, to add 345 stores to the chain. 

“We are pleased to complete this transaction and welcome the Bucky’s team to the Casey’s family,” said Darren Rebelez, president and CEO of Casey’s. “Steve Buchanan and his team have built up an extremely successful business, and Casey’s is excited to bring our hand-made pizza program to these well located, high volume stores."

In October, Casey’s unveiled a new, modern visual identity and logo designed to signal the brand’s future as well as its small-town roots and to symbolize the changes in the customer experience and the way customers interact with the brand.