Dive Brief:
- Mega Saver is buying 23 Kum & Go locations from the latter’s parent company, Maverik, a spokesperson from Mega Saver confirmed to C-Store Dive.
- The deal includes 20 locations across Iowa — three of which are pending — and three in Sioux Falls, South Dakota, the spokesperson said. These will be Mega Saver’s first locations in South Dakota, according to its website.
- This comes a couple of months after Mega Saver revealed it was buying three former Kum & Go locations in Nebraska.
Dive Insight:
A Mega Saver spokesperson said each location will be rebranded to the Mega Saver banner. The purchases will expand Mega Saver’s footprint by nearly 50%, from 45 to 68 sites, and give it a presence in Nebraska, Iowa, South Dakota and Florida. It continues what is shaping up to be a busy growth year for Mega Saver, which also appears to be looking to buy Yesway's roughly 30 c-stores in Iowa and Kansas.
Iowa communities where Mega Saver is picking up Kum & Go locations include Des Moines, Ankeny and Cedar Rapids, the spokesperson said. The first signs of a deal were reported by News 4 KTIV, which noted that Mega Saver was granted liquor licenses for stores in Okoboji and Spirit Lake.
This 23-store deal comes about a month after Maverik began rebranding Kum & Go’s locations in Iowa — the brand’s home base and largest market — to its own banner. Earlier this month, Maverik revealed plans to cut about 100 corporate jobs in Iowa and consolidate its headquarters to Utah.
No news has been shared about rebrands in South Dakota, where Kum & Go has eight locations listed on its website. Maverik did not respond by press time to questions about the Mega Saver deal or the progress of Iowa’s rebrands.
