DEG Announces Sale of Eight Retail Sites to Casey’s General Stores

LEXINGTON, KY – Downstream Energy Group (“DEG”) is proud to announce its role as the exclusive advisor in the successful sale of Wow! Foodmart LLC (“Company”) and its affiliated retail portfolio to Casey’s General Stores. The transaction includes a diverse portfolio of properties comprising one travel center, seven convenience stores, and four liquor stores, all strategically located in central Kentucky.  These properties are located between Lexington and Richmond, with many situated along the heavily traveled Interstate 75 corridor.

DEG provided exclusive merger and acquisition advisory services to the Company. DEG is a leading M&A advisory firm providing services to convenience store, travel center and wholesale distribution companies within the downstream energy sector and is comprised of professionals who have decades of experience as both owner/operators and strategic financial advisors to energy companies.

In its capacity as M&A advisor, DEG conducted a thorough strategic review of the company, which included providing valuation services, designing, implementing, and managing a competitive sales process, and negotiating the definitive asset purchase agreement.

“Casey’s is acquiring top-tier retail assets that will further strengthen their growing footprint,” said Jeff Traub, Partner at DEG. “The principals of Wow! Foodmart LLC and its affiliated companies have built an exceptional business, and it has been an honor to represent them in this transaction.”

About Downstream Energy Group

Downstream Energy Group is an independent, privately held advisory team providing national mergers & acquisitions (M&A) and strategic advisory services in the energy sector. We specialize in the sale of gas & convenience, travel centers, wholesale bulk distribution (fuel & lubes), propane, and petro-transportation companies. We work with both jobbers and the larger consolidators to accomplish such transactions. Our team uniquely understands your business through our years of direct operating experience managing both fully integrated wholesale and retail gas & convenience operations. More information can be found at www.degadvisors.com

 

Contact:
Jeff Traub
Downstream Energy Group
217-549-5013
jeff@griffintraub.com
www.degadvisors.com

---