Kum & Go is now officially part of Maverik
Published on: Aug 29, 2023
The acquisition has been completed and now both the c-store brand and Solar Transport will be property of the retailer and its parent company, FJ Management.
Maverik – Adventure’s First Stop, together with its parent company, FJ Management, announced that it has completed the acquisition of Kum & Go and Solar Transport from Krause Group. This transaction grows the company’s retail footprint to over 800 stores in 20 states with approximately 14,000 Team Members.
“We are excited to welcome Kum & Go and Solar Transport Team Members to Maverik. Together, we’ll offer our customers an adventurous and differentiated convenience store experience across fuel, foodservice, and inside-store offerings,” said Chuck Maggelet, CEO and Chief Adventure Guide at Maverik.
In appreciation of Maverik’s Des Moines based team and the local community, the company will donate $50,000 to The Des Moines Public Schools Foundation. This donation will provide fresh fruits, vegetables, and toiletries at Des Moines Public Schools 53 food pantries in schools across the district.
“Together over four generations – from my grandfather Tony and my dad Bill to me and my son Tanner – we built these businesses over 64 years through shared vision, collective entrepreneurship, and teamwork. I’m also incredibly thankful for our Associates and their unique contributions that allowed Kum & Go and Solar Transport to reach this level of success. We’ve run the businesses and differentiated ourselves by putting people first and making days better in all we do,” commented Kyle Krause, Founder & CEO of Krause Group.
Maggelet will lead the newly combined organization and Tanner Krause will transition out of the company. Tanner leaves behind a legacy from his six years of leadership as President and CEO of Kum & Go.
Maverik is a subsidiary of family-owned FJ Management, operating across over 400 locations in 12 western states.
