Husch Blackwell represented Iowa-based Casey’s General Stores, Inc. in its recently closed $580 million stock purchase agreement with Buchannan Energy, resulting in the acquisition of approximately 175 Bucky’s Convenience Stores. The transaction brings Casey’s total owned and operated stores to 2,300 units.
“We are very proud to have represented our long-time client with this major transaction,” said Husch Blackwell partner Steve Carman, who led the firm’s representation. “Casey’s leadership considered this deal the most significant in their 52-year history, and it was a great privilege to work with the Casey’s team to bring this transaction to a successful close.”
Husch Blackwell piloted the deal participants through a months’ long Hart-Scott-Rodino (HSR) antitrust approval process prior to closing, which resulted in a consent agreement with the Federal Trade Commission to divest six stores.
The Husch Blackwell team led by Carman included Wendy Arends, Kenyon Briggs, Megan Caldwell, Dan Geraghty, Alan Kandel, Wade Kerrigan, Jason Reschly, Adena Santiago, Rachel Scott, David Stauss, Rebecca Taylor, and Mark Tobey.
For further information, please refer to the Casey’s General Stores press release.