WEST DES MOINES, Iowa (AP) — The owner of a West Des Moines-based convenience store company has agreed to sell his six locations to Casey's General Stores.
ShortStop owner Dave Carpenter says the deal will be finalized in October. The purchase price wasn't announced.
Carpenter says there was limited potential for growth for a chain his size in the area.
He opened the first ShortStop in Ankeny in 2001 and added five more in Des Moines, West Des Moines, Coralville and Marion.
Casey's plans to rebrand the stores after the purchase. The company, which is based in Ankeny, recently penned deals to buy 52 stores by the end of the year.
The chain also plans to expand into Arkansas.
Carpenter says he plans to stay in the business. He'll retain his rights to the ShortStop name.
Sunday, 19 September 2010
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