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WEST DES MOINES, Iowa -- Krause Gentle Corp., operator of 305 Kum & Go convenience stores, reached a deal with Ottumwa, Iowa-based Home Oil Stations Inc., to acquire 12 convenience stores. Terms of the deal were not disclosed.
All of the stores, located in southeast Iowa, will be rebranded Kum & Go, said W. A. Krause, president and CEO of Krause Gentle Corp. The renovations are scheduled to begin Nov. 18.
"Together, the Carpenter and Krause families have over 100 years of customer service experience in the great state of Iowa," Krause said. "We will continue to share our industry-leading customer service, innovative product offerings and cutting-edge technology."
Carpenter Cos. Inc., which operates Home Oil Stations, was founded in 1935 in Ottumwa. The company will continue to operate three ShortStop stores in Cedar Rapids, Coralville and Ankeny, Iowa, with four new locations under development in the Des Moines market. Carpenter also owns and operates a travel center Prolube Oil Change Centers and GNF Express Inc., a trucking company.
"We're excited about this growth opportunity," said David Carpenter, president and CEO of Carpenter Cos. "Kum & Go is an ideal operator for some of our existing Home Oil locations allowing us to focus on growing our new ShortStop stores."
Carpenter is the incoming president of the Petroleum Marketers of Iowa and was elected to the National Association of Convenience Stores' (NACS) board of directors in October.