Dive Brief:
- Casey’s General Stores has acquired four Kum & Go c-stores from Maverik in South Dakota, a Casey’s spokesperson confirmed to C-Store Dive.
- All of the sites are located in Sioux Falls, the spokesperson said, adding that each store has already been converted to a Casey’s and features the company’s full slate of offerings. The sale was first reported by the Argus Leader.
- This comes just days after Casey’s confirmed its acquisition of Maverik’s eight remaining c-stores in Michigan. The Utah retailer continues to sell dozens of Kum & Go locations amid its integration of the chain it bought in 2023.
Dive Insight:
Maverik began selling Kum & Go sites in the Midwest earlier this summer when it offloaded 23 locations to Omaha-based Mega Saver. While most of those locations were in Iowa, three of them were in Sioux Falls, a spokesperson from Mega Saver confirmed to C-Store Dive at the time.
According to Kum & Go’s website — which has not been updated since before the Mega Saver deal — seven of its eight c-stores in South Dakota were in Sioux Falls, meaning that with the latest sale to Casey’s, the once-beloved chain has vanished from the city.
The website also notes that Kum & Go’s last remaining location in South Dakota is in Elk Point, a small town about 70 miles south of Sioux Falls. This is the same location that Maverik revealed last month will be rebranded to its own banner in late November. Meanwhile, Maverik’s website notes that the Utah retailer has two locations in South Dakota, both in Rapid City, about 350 miles west of Sioux Falls.
South Dakota has never been one of Kum & Go’s major markets — the convenience retailer has had less than 10 stores in the state for years. Kum & Go entered Sioux Falls over 20 years ago with its location at 501 N Minnesota Ave., according to Minnehaha County records.
It’s unclear why Maverik is selling off dozens of Kum & Go stores. When taking into account its recent divestitures in South Dakota, Michigan and Iowa, Maverik has sold at least 35 Kum & Go locations over the past couple of months. A spokesperson from Maverik did not respond by press time when asked to comment.
For Casey’s, the purchase continues its growth in South Dakota, which is one of its more underdeveloped markets. The convenience retailer had just over 50 locations in the state around this time last year, according to C-Store Dive’s mapping data.
