Wednesday, December 14, 2016
Casey’s Buys Five Guppy’s Stores in Iowa
Fauser Energy divests retail locations
Source: Convenience Store DecisionsBy CSD Staff
NRC Realty & Capital Advisors LLC in conjunction with Ravinia Capital LLC announced the sale of five Guppy’s convenience stores located in and around Cedar Rapids, Iowa.
The stores were owned by Fauser Energy Resources of Elgin, Iowa and were sold to Casey’s General Store.
“These stores were non-core assets for Fauser Energy and their only retail locations,” commented Evan Gladstone, NRC’s executive managing director. “Operating retail stores in today’s competitive market requires time and capital, and strengthens Fauser as a leading fuels wholesaler in 12 Midwestern states.”