Maverik acquires Kum & Go, Solar Transport

LEFT: A Maverik sign at night | RIGHT: A Kum & Go sign in the day time - The Retail Photographer

Utah-based FMJ's Maverik has just announced that it is officially acquiring Krause Group's Kum & Go as well as Solar Transport.

Overview

Kum & Go is a fueling station and convenience center, and it has locations in the Rocky Mountain and Midwest regions of the US; according to the site map on careers.kumandgo.com, this includes locations in fourteen states: Arkansas, Colorado, Idaho, Iowa, Michigan, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Utah, and Wyoming. As mentioned on Convenience Store News, Kum & Go has more than 400 convenience store locations. According to Kum & Go's Careers about page, William A. Kraus and Tony S. Gentle began the convenience store brand in 1959.

Solar Transport is a delivery and logistics service that transports fuel across the United States. According to their About page, the company was founded in 1963 also by Krause and Gentle.

Maverik is a fueling station and convenience center that, according to their website, has more than 380 locations in 12 western states which according to CSP Daily, this includes Arizona, California, Colorado, Idaho, New Mexico, Nebraska, Nevada, Oregon, South Dakota, Utah, Washington, and Wyoming. Their site notes that the brand was launched by Reuel Call in Afton, Wyoming in 1928, and the brand was consumed in 2012 by FJ Management who also runs the Pilot Flying J Travel Centers.

Krause Group (previously owner of Kum & Go and Maverik) is based out of Des Moines, Iowa, while FJ Management (currently the owner of Maverik) is based out of Salt Lake City, Utah.

Acquired

Maverik previously announced that they'd entered an agreement to acquire Kum & Go. According to one of their recent Face Book posts, the transaction will take at least 3 to 6 months to be completed, and that for the time being, the two companies will operate separately.

At this time, the financial terms have not been disclosed, and it doesn't appear clear as to whether Kum & Go locations would be converted into Maverik locations or vice versa, or if both brands would continue under their existing names.