Lutz M&A Advises Fantasy's on its Acquisition by Casey's General Stores

Lutz M&A announced that it served as exclusive financial advisor to Fantasy’s, Inc. in connection with its recent acquisition by Casey’s General Stores, Inc. (“Casey’s).  Casey's is a Fortune 500 company (NASDAQ CASY) operating over 2,100 convenience stores in 16 states in the Midwest and the South. Casey's is currently the fourth largest convenience store chain and the fifth largest pizza chain in the United States.

Founded in 1989, Fantasy’s is Omaha’s premium chain of gas stations, convenient stores and touchless car washes.  Casey’s plans to leave the popular touchless tunnel car washes in place and continue to use the Ride the Wave brand, while bringing its famous pizzas to the nine Omaha metro area locations.

“The acquisition of the Fantasy’s chain is an excellent fit to our existing store base and will expand our presence in the greater Omaha market,” said Terry Handley, President and CEO of Casey’s General Stores, Inc.  “They are a very well established and managed chain, and we are excited to welcome the Fantasy’s employees to the Casey’s family.”

On working with Lutz M&A, Fantasy's owner Karen Spaustat observed, "Lutz did a great job guiding us through the process of marketing our company and introducing us to several interested parties. They ultimately helped us find the right fit with Casey's General Stores."

Commenting on the transaction for Lutz M&A, Bill Kenedy said, “It was a great opportunity to represent this long-term client of Lutz in this transaction.  We are happy for the Spaustat family and believe Casey’s acquired a great company in Fantasy’s .