Lutz helped market Fantasy’s, leading to its acquisition by Casey’s.
Lutz M&A announced that it was the exclusive financial advisor to Fantasy’s Inc. in its recent acquisition by Casey’s General Stores Inc.
Casey’s operates more than 2,100 convenience stores in 16 states. Casey’s is the fourth largest c-store chain, and the fifth largest pizza chain, in the U.S.
Founded in 1989, Fantasy’s is a chain of gas stations, convenient stores and touchless car washes. Casey’s plans to leave the touchless tunnel car washes in place and continue to use the Ride the Wave brand, while bringing its famous pizzas to the nine Omaha, Neb. 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. “They are a very well established and managed chain, and we are excited to welcome the Fantasy’s employees to the Casey’s family.”
Lutz M&A is a Nebraska-based mergers and acquisitions advisory firm.
“Lutz did a great job guiding us through the process of marketing our company and introducing us to several interested parties,” said Fantasy’s Owner Karen Spaustat. “They ultimately helped us to find the right fit with Casey’s General Stores.”