Casey's General Stores acquires Texas chain Pak-A-Sak

Casey's General Stores has reached an agreement to acquire Pak-A-Sak, a family-owned convenience store chain with 24 locations in the Texas Panhandle. While the financial terms of the deal were not disclosed, the move is part of a broader national expansion strategy for the Iowa-based company.

This acquisition follows Casey's recent $1.145 billion purchase of Fikes Wholesale and its 2023 entry into the Texas market via Lone Star Food Stores. The company aims to open 400 stores and expand its food business as part of a three-year strategic plan.

In recent financial activity, Bellars Harris Wealth Management LLC acquired a new stake in Casey's, purchasing 6,349 shares valued at approximately $5,046,000 during the second quarter. Institutional investors currently hold approximately 85.63% of the company's stock.