Casey’s General Stores to Acquire Fikes Wholesale for $1.145 Billion

Paul, Weiss is representing Casey's General Stores, Inc., one of the U.S.'s leading convenience store chains, in its all-cash $1.145 billion acquisition of Fikes Wholesale, Inc., the owner of CEFCO Convenience Stores. The deal will include 198 retail stores and a dealer network, increasing Casey's footprint to nearly 2,900 stores. The transaction also includes a fuel terminal and a commissary to support the Texas stores.

The transaction is anticipated to close during the fourth quarter of 2024, subject to customary closing conditions and regulatory approvals.

The Paul, Weiss team is led by corporate partners Andrew Krause and James Langston and associate Alexia Yang, and includes partners Brian Kim, David Huntington and Manuel Frey; tax partner Brian Krause; real estate partner Salvatore Gogliormella; executive compensation partners Jean McLoughlin and Ron Aizen and counsel Christopher Gonnella; intellectual property partner Jonathan Ashtor and counsel Brianna van Kan; litigation partner Jaren Janghorbani and counsel Audrey Paquet, Pietro Signoracci and Daniel Levi; and environmental counsel William O'Brien.