Mergers & Acquisitions announced its 2022 Mid-Market Deals of the Year, recognizing Casey's General Stores, Inc.’s May 2021 acquisition of Buchannan Energy for $580 million as an honorable mention. It was the only retail deal to be recognized.
Husch Blackwell served as counsel to Casey’s in the all-cash transaction for approximately 175 Bucky’s Convenience Stores, as well as multiple parcels of real estate for future new store construction, which increased Casey’s footprint to more than 2,300 stores. The deal strengthened Casey’s position as a top c-store retailer in the Midwest.
The Husch Blackwell team was led by partner Steve Carman and included Wendy Arends, Kenyon Briggs, Megan Caldwell, Dan Geraghty, Alan Kandel, Wade Kerrigan, Jason Reschly, David Stauss, Rebecca Taylor, and Mark Tobey. Goldman Sachs & Co. served as financial advisor and lender to Casey’s.