Casey's Acquired 16 Oklahoma ASAP Energy Stores
The national retailer continues its regional expansion by absorbing a legacy Oklahoma convenience chain.
Updated on Sept. 22, 2026 in Openings & Closings
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Casey's has completed the acquisition of 16 ASAP Energy convenience stores in Oklahoma, a chain previously operated by Rick and Sheila Koch for 47 years. The deal adds to the footprint of the nation's third-largest convenience retailer as part of its ongoing growth strategy.
Why it matters
For regional operators, this move highlights the consolidation trend as independent chains seek the scale and professional resources larger retailers offer employees. The acquisition advances Casey's three-year plan to grow its store base and food service operations.
Casey's currently operates more than 3,000 locations and employs over 50,000 people across 19 states. This acquisition follows the company's 2021 purchase of 49 Circle K stores for $39 million.
The players
Casey's
The nation's third-largest convenience retailer and fifth-largest pizza chain, managing a fleet of over 3,000 stores.
ASAP Energy
An Oklahoma-based convenience store chain founded in Weatherford that operated for 47 years under Rick and Sheila Koch.
The details
The acquisition includes the ASAP Energy chain, which features Lucille's Roadhouse Restaurants and was established in Weatherford, Oklahoma. The consolidation allows Casey's to integrate these properties into its national infrastructure, which supports its position as the fifth-largest pizza chain in the country. The former owners noted that the sale provides their staff with new professional growth opportunities and centralized corporate resources.
Timeline
1968: Casey's was founded in Iowa.
2021: Casey's purchased 49 Circle K stores in Oklahoma.
September 22, 2026: News report on the sale of ASAP Energy.
Market Landscape
This acquisition follows the pattern of aggressive regional expansion seen in Casey's 2021 purchase of 49 Circle K stores. It marks a continuation of the industry-wide consolidation trend that has seen mid-sized chains absorbed by national retailers.
Local competitors should monitor how Casey's integrates food service operations into the newly acquired stores to gauge shifts in local market demand. Owners should review their own store infrastructure to determine if current scale supports competitive pricing against national entrants.
The takeaway
Large retailers are increasingly targeting established regional chains to achieve rapid market density and food service growth. Operators should evaluate whether their competitive advantage lies in remaining independent or preparing for potential acquisition by leveraging data on operational efficiency.
Further reading
For more on industry consolidation in the region, see Openings & Closings.
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