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 Casey's current logo since October 2020 | |
| Casey's | |
| Formerly | Casey's General Stores[a] (1967–2020) |
| Company type | Public |
| Industry | Retail |
| Founded | 1967; 58 years ago (1967), inBoone, Iowa, U.S. |
| Founder | Donald Lamberti |
| Headquarters | , United States |
Number of locations |
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Area served | Midwestern andSouthern United States |
Key people | |
| Products | |
| Services | |
| Revenue |
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| Total assets |
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| Total equity |
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Number of employees |
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| Website | www |
| Footnotes / references [1] | |
Casey's Retail Company (doing business asCasey's) is a chain of convenience stores in theMidwestern andSouthern United States. The company is headquartered inAnkeny, Iowa, a suburb ofDes Moines.[2] As of October 1, 2023, Casey's had 2,500 stores in 16 states. Following7-Eleven's purchase ofSpeedway, Casey's is the 3rd largest convenience store chain in theUnited States (after 7-Eleven andCircle K/Couche-Tard) and the largest that is wholly American-owned.[3] It is one of two Iowa-basedFortune 500 companies.[4] Casey's is famous for theirpizza, including a breakfast pizza and a taco pizza, resulting in Casey's being the fifth largest pizza chain in the U.S.[5][6]
In 1959, Donald Lamberti leased aservice station inDes Moines, Iowa, from his father. After he had successfully remodeled the station into a convenience store and operated it for nine years, his gasoline supplier and friend, Kurvin C. (K.C.) Fish, suggested that he purchase the Square Deal Oil Company, a service station available for sale inBoone, Iowa. Lamberti followed Fish's advice and purchased the station, which he renamed "Casey's" after Fish, then converted it into a convenience store.[7][8] The logo on the Boone store was used by the chain until 2020.
The Boone store (located in a town of only 12,500) did well, so Lamberti decided to see if he could duplicate his success. He built another store inCreston, Iowa (population 7,000), and that store did well also.[9] Lamberti became more ambitious and decided to open a store from scratch in the even smaller town ofWaukee, Iowa (population 1,500 at the time). The Waukee store proved to be the most successful of the three, so Lamberti decided to purchase and open more stores, concentrating on towns of less than 5,000 population.[10]
By the late 1970s the chain had 118 stores and opened its first warehouse.[10] The original store, operated by Lamberti's parents, entered the Casey's fold in 1977.
In 1982, Casey's opened its first Distribution Center inUrbandale, Iowa.[9][10]
Casey's became a publicly traded company in October 1983, with an initial public offering of 700,000 shares. Around this time Casey's began to sell doughnuts and pizza in its stores.[10] The store also briefly introduced fried chicken before abandoning the endeavor.[11]
In 1990, Casey's moved to its current facility in Ankeny, Iowa.[9]
Casey's 1,000th store opened inAltoona, Iowa, in 1996, the same year Casey's exceeded US$1 billion in annual sales.[9] In 1998, Lamberti stepped down from his role as CEO and became the company's chairman.[12] He retired in 2002.[11]
In January 2006, Casey's purchasedLincoln, Nebraska-based Gas 'N Shop.[13][14][15] On August 7, 2006, Casey's agreed to purchase the 33-store HandiMart chain, based inCedar Rapids, Iowa, in a $63 million deal.[16][17]
In March 2010,Alimentation Couche-Tard (operator of several convenience store chains, includingCircle K) offered $1.9 billion for control of the company, and later announced aproxy fight for control. Casey's rejected Couche-Tard's offer and was successful in September 2010 in retaining its board of directors against Couche-Tard's nominated slate.[18][19]
While Casey's and Couche-Tard were battling for company control, in September 2010,7-Eleven offered a $2 billion bid for control of the company. Casey's and 7-Eleven engaged in discussions, but in November 2010 elected not to proceed with a merger.[20][21]
In April 2016, Casey's opened a distribution center inTerre Haute, Indiana, the company's second.[22] Casey's announced in 2017 that it plans to open about 10 new locations in western Ohio.[23]
Casey's announced plans in August 2018 to build a store inHuber Heights, Ohio.[24]
In 2018 Casey's announced under increasing pressure from outside investors to adopt a range of new digital initiatives including a newFleet Card, mobile app, and loyalty program for Casey customers. The CEO announced in late 2018 the initiative would be complete by Quarter 1 of 2020.[25]
In October 2020, Casey's announced a rebranding, including a new logo and dropping 'General Stores' from its signage (though it remained in the legal corporate name until 2022).[26]
In November 2020, Casey's announced it was acquiring Omaha-based Bucky's Convenience Stores, a 94 store chain, in a $580 million deal.[27]
In April 2021, Casey's opened a third distribution center in Joplin, Missouri.[28] In May, it closed its acquisition of Buchanan Energy and became the owner of 94 Bucky's Convenience Stores.[29] As part of the deal, Casey's was ordered to divest six stores to appease regulators.[30][31]
In September 2021, Casey's purchased 38 Pilot Food Mart locations and two truck stop locations fromPilot Corporation. The locations inEast Tennessee, around theKnoxville area, were owned by the Haslam family outright and not part of the company'snational truck stop chain jointly owned by Pilot,Berkshire Hathaway, andFJ Management.[32]
In August 2023, Casey's purchased 63Minit Mart and Certified Oil locations inKentucky andMiddle Tennessee, with plans to convert those stores into Casey's locations; the deal closed in October.[33][34] In November of that year, Casey's expanded intoTexas with the purchase of 22 convenience stores mainly in North Texas.[35]
In July 2024, Casey's purchased Fikes Wholesale, Inc., including its chain of CEFCO convenience stores, in a $1.145B all-cash transaction. The deal, which closed in November 2024, added nearly 200 stores and expanded Casey's further into Texas as well as for the first time into the states ofAlabama,Florida, andMississippi.[36]
In September 2024, Casey's purchased 4 stores from Oakcrest Market, expanding its presence in the area ofFort Smith, Arkansas.[37]
In October 2024, Casey's purchased the naming rights to theWells Fargo Arena, renaming it Casey's Center on July 1, 2025.[38] The deal cost $18 million and will last for ten years.[39]
As of August 2025, Casey's has over 2,600 stores across these states:[40]
