Green Lantern Selling Off All of Its C-Stores Casey's to buy three units in Salina, Kansas, as firm refocuses on other ventures
By Greg Lindenberg
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ANKENY, Iowa -- Casey's General Stores Inc. is buying the three Green Lantern convenience stores in Salina, Kansas. Petro Green Lantern director of operations Richard D'Alanno said that with the sale to Casey's, the company is getting out of c-stores to concentrate on its Blue Beacon Truck Washes and hotel businesses.
The deal is set to close December 9, William Walljasper, Casey's chief financial officer, told The Salina Journal. He told CSP Daily News that the stores will be rebranded to Casey's upon closing the transaction.
"The direction our company is moving is really away from the convenience store industry and in some other directions," D'Alanno told CSP Daily News. "For us, it was a strategic move to really be able to focus—in terms of both out financial team assets and management team assets—in developing those divisions of the companies we are planning to grow."
He added that the company's plan is to exit the c-store business. It also owns and operates a Petro:2 travel center in the Salina area, a franchise of Westlake, Ohio-based TravelCenters of America Inc.'s Petro Stopping Centers. It is an all-in-one building with a c-store, a Wendy's and a Pizza Hut Express.
"Right now, that location is for sale, but has not yet been sold," said D'Alanno.
Blue Beacon International owns the Blue Beacon truck washes, which operate in more than 100 locations in the United States and Canada.
The company also operates Green Lantern Express car washes in the Kansas City and Wichita, Kansas, areas, as well as near St. Louis. Three of those locations—the ones being purchased by Casey's—also include Green Lantern Convenience Stores, with Shell fuel, "The Cave" beverage area and Baskin Robbins Ice Cream. The standalone Green Lantern car washes are not part of the sale.
The Lighthouse Properties division owns and operates the hotels, a Homewood Suites in Wichita, and The Raphael Hotel in Kansas City's Country Club Plaza.
Casey's has agreed to accept prepaid Green Lantern gift certificates, car wash tickets and fundraiser coupons for one year, Green Lantern said. Green Lantern gift certificates can also be redeemed at the Petro:2. Casey's will not redeem the Green Lantern self-service car wash tokens. The existing car wash tokens will continue to be taken at the two remaining Green Lantern self-service car washes.
Casey's General Stores, based in Ankeny, Iowa, operates 1,483 convenience stores in nine Midwest states. It has three outlets in Salina, said the Journal.
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He added that the company's plan is to exit the c-store business. It also owns and operates a Petro:2 travel center in the Salina area, a franchise of Westlake, Ohio-based TravelCenters of America Inc.'s Petro Stopping Centers. It is an all-in-one building with a c-store, a Wendy's and a Pizza Hut Express.