Pump & Pantry to acquire 21 Hy-Vee convenience stores across three states
A regional fuel and convenience retailer is expanding its presence across the Midwest via acquisition.
Bosselman Pump & Pantry has entered an agreement to purchase 21 Hy-Vee Fast & Fresh standalone convenience stores, which include five in-store Starbucks and seven in-store Smokey Row coffee shops, the retailer said in a press release sent to the National Association of Convenience Stores.
The agreement, which is expected to close in July, includes 15 locations in the Des Moines, Iowa metro area, two in Davenport, Iowa, one in Marion, Iowa, two in the Omaha, Neb. metro area and one in Lakeville, Minn. Pump & Pantry currently operates 48 convenience stores across Nebraska.
Following closing, the Hy-Vee Fast & Fresh locations will be rebranded as Pump & Pantry stores and will continue to offer Hy-Vee Fuel Saver redemptions.
The fourth-generation retailer said that current Hy-Vee Fast & Fresh employees at the acquired locations will have the opportunity to transition to employment with Pump & Pantry. In addition, hiring fairs will be hosted at select locations.
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“Since 1971, Pump & Pantry has earned the trust of Nebraskans by delivering a reliable, welcoming stop on the road,” said CEO Charlie Bosselman. “Now we’re bringing that same experience – great fuel options, everyday convenience, and friendly service – to even more communities. We’re energized to aggressively grow our footprint across the Midwest and to welcome new team members and new customers to the Pump & Pantry family. We are also excited to announce our partnership with Starbucks Coffee and Smokey Row Coffee. We think these exceptional brands fit nicely into the hometown experience offered at Pump & Pantry locations.”
Headquartered in West Des Moines, Iowa, Hy-Vee Inc. is an employee-owned corporation operating more than 550 retail stores across eight Midwestern states.
