Casey's Buying 58 Gas 'N Shop Stores

ANKENY, IA-Casey’s General Stores says it has signed a letter of intent to buy 58 stores from Gas ‘N Shop of Lincoln, NE. The deal includes 54 stores in Nebraska, three in Kansas and one in Iowa.

All of the locations acquired will be converted to Casey’s General Stores. In 2004, the 58 stores generated about $108 million in gross sales revenue.

“The acquisition of the Gas ‘N Shop locations is an excellent fit to our existing store base and will nearly double our presence in Nebraska,” says Ron Lamb, chairman and chief executive officer. All of Casey’s approximately 1,400 convenience store locations are in nine states in the Upper Midwest.