Alabama gas and travel centers included in $1.1 billion acquisition

The deal includes 50 stores in Alabama, Florida and Mississippi.

Casey’s General Stores Inc. on Friday agreed to acquire Fikes Wholesale Inc., owner of CEFCO Convenience Stores, in an all-cash transaction for $1.145 billion.Casey’s General Stores Inc. on Friday announced it is acquiring the owner of CEFCO Convenience Stores for $1.145 billion, growing the company by 198 stores and a dealer network.When completed, the deal will increase Casey’s footprint to almost 2,900 stores and expand its reach into Texas, Alabama, Florida and Mississippi.

Iowa-based Casey’s General Stores operates more than 2,650 convenience stores and is the U.S.’ third-largest convenience-store retailer. It is also the fourth-largest holder of liquor licenses and the fifth-largest pizza chain in the country.5 Alabama civil rights sites nominated for World Heritage ListIf you purchase a product or register for an account through a link on our site, we may receive compensation.

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