Pump & Pantry to acquire 21 Hy-Vee c-stores

Hy-Vee said it will continue to operate 168 Fast & Fresh c-stores after the sale is completed. Pump & Pantry

Bosselman Pump & Pantry has agreed to acquire 21 Hy-Vee Fast & Fresh standalone c-store locations in three states, the family-owned convenience-store operator said.

Goose Island, Neb.-based Pump & Pantry currently operates 48 Pump & Pantry c-stores and 44 Boss Shop truck service centers, among other businesses.

Terms of acquisition, which is expected to close in July, were not disclosed.

The acquisition includes 15 stores in the Des Moines, Iowa, market, two in Davenport, Iowa, two in the Omaha, Neb., market and one in Lakeville, Minn. The acquisition also includes five in-store Starbucks and seven in-store Smokey Row coffee shops.

Hy-Vee operations

Hy-Vee said it will continue to operate 168 Fast & Fresh c-stores after the sale is completed.

“The move allows us to put more focus on our core business of operating retail grocery stores as well as convenience stores that are adjacent to our existing Hy-Vee stores,” Lucas Glasgow, senior VP, Hy-Vee Fast & Fresh.

Hy-Vee, based in West Des Moines, Iowa, plans to continue opening Fast & Fresh c-stores “in 2027 and beyond,” Glasgow said.

Business strategy shift

The exit from the stand-alone c-stores follows Hy-Vee’s revamp of its in-store restaurant program over the last couple of years, in which it ended its partnership with Wahlburgers, shut most of its in-store bars and transitioned away from full-service dining at its Market Grill concept.

Following the sale of the Fast & Fresh locations, the stores will be rebranded as Pump & Pantry, but will continue to offer Hy-Vee Fuel Saver redemptions, Pump & Pantry said. In addition, the c-store operator said it plans to expand Hy-Vee Fuel Saver redemption to all 69 of its locations in the coming months.

Pump & Pantry also offers its own reward program, called Pumped Up Rewards, which offers discounts, scratch-and-win games and other perks.

The acquisition marks a significant expansion for Pump & Pantry, which is in its fourth generation of family ownership.

“We’re energized to aggressively grow our footprint across the Midwest and to welcome new team members and new customers to the Pump & Pantry family,” said Charlie Bosselman, CEO of Pump & Pantry.