Casey’s acquires 22 convenience stores in Texas

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Casey’s General Stores Inc. has agreed to acquire 22 Lone Star Food Stores in Texas from W. Douglass Distributing Ltd. and its affiliates for an undisclosed price, according to an announcement Tuesday from NRC Realty & Capital Advisors. Douglass Distributing sold the stores to Casey’s after selling its wholesale fuel distribution side to Offen Petroleum. All of the convenience stores except two are owned by Douglass in fee, and the stores are located within a 60-mile radius of Sherman, Texas. The sale is expected to close by the end of the month. Casey’s will retain all of the employees at the stores. “The Lone Star convenience stores are high-quality stores located on great corners in fantastic markets,” Darren Rebelez, CEO of Casey’s, said in a prepared statement. “They will also serve as a springboard into the great state of Texas for Casey’s, while still located within our self-distribution network. We look forward to bringing our convenience store and food offerings to north Texas soon and welcome the Lone Star team members to the Casey’s family.”