---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-24-002012"
form_type: "8-K"
ticker: "CASY"
cik: "0000726958"
company_name: "CASEYS GENERAL STORES INC"
filed_at: "2024-07-26T23:59:59+00:00"
generated_at: "2026-05-31T16:04:47.084169+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Casey's to acquire 198 CEFCO stores for $1.145B cash; net after-tax $980M

## Summary
- Acquisition of Fikes Wholesale (CEFCO) includes 198 retail stores and a dealer network, expanding footprint to nearly 2,900 stores.
- Net after-tax purchase price of $980M after $165M in tax benefits; multiple of ~11x CEFCO's pro forma adjusted 2023 EBITDA.
- Expects ~$45M annual run-rate synergies from kitchen installations; transaction accretive to Casey's EBITDA in current fiscal year.
- Transaction expected to close in Q4 2024, subject to HSR clearance and customary conditions.
- Adds 148 stores in Texas and 50 in Alabama, Florida, and Mississippi, plus a fuel terminal and commissary.

## SEC filing metadata
- accession: 0000950142-24-002012
- form_type: 8-K
- ticker: CASY
- cik: 0000726958
- company_name: CASEYS GENERAL STORES INC
- filed_at: 2024-07-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726958/000095014224002012/0000950142-24-002012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726958/000095014224002012/eh240511873_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-002012
- JSON: https://secwatch.observer/filing/0000950142-24-002012.json
- Plain text: https://secwatch.observer/filing/0000950142-24-002012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.