Earlier this month, Casey’s General Stores announced the purchase of 44 Kalbredlo’s locations. The company signed an asset purchase agreement to acquire 22 Kalbredlo’s stores in Nebraska, 21 in Kansas and 1 in Oklahoma.
The Iowa-based convenience store will convert all Kabredlo’s locations into Casey’s General Stores. President and CEO of Casey’s, Robert Myers, stated, “The acquisition of the Kabredlo’s locations is an excellent fit to our existing store base and will add to our presence in Nebraska and Kansas as well as allow us to penetrate a new state”.
Company executives report that they expect transactions between the two businesses to end in December. To officially end transactions, both companies are waiting for receipts of inspection and other regulatory approvals.
If you own a businesses and are considering selling your business or purchasing another business, contact the Des Moines business sale and purchase lawyers of LaMarca Law Group, P.C. at (877) 327-2600 to set up an appointment to discuss your options.
The Des Moines publisher, Perfection Learning, recently purchased another publishing company out of Seattle, Oregon. Perfection Learning publishes language arts text books and materials for kindergarten through 12th grade classes.
The company announced on Monday that they had signed a deal to purchase Seattle-based Kinetic Books. Kinetic Books publishes digital science and math textbooks. Company executives have not released details or the price of the sale.
Both companies had been in negotiations over the sale for some time. Purchasing a business requires significant planning and agreement over several details between companies. Contact the Des Moines business sale and purchase lawyers of LaMarca Law Group, P.C. at (877) 327-2600 to learn more about the legal process of purchasing a business.