New Owner for Kum & Go Convenience Store Chain with Family Roots

Introduction

In a recent announcement, the popular convenience store chain, Kum & Go, declared to undergo a change in ownership. The convenience store has been in the hands of the Krause family since its inception in 1959. After 62 proud years of ownership, the Krause family has now decided to sell the chain to private equity firm, PEAK6 Investments LLC.

The History of Kum & Go

Kum & Go has an interesting history that dates back to 1959. It began as a small store in Hampton, Iowa by William A Krause and Tony S Gentle. The brand has come a long way since then and now boasts over 400 stores across 11 states, employing approximately 5,000 people. Kum & Go has become a household name and is known for its fresh food, quality customer service, and a vast array of products under one roof.

The Future of Kum & Go

PEAK6 Investments LLC will be the new owner of Kum & Go, and it plans to continue expanding the chain in the coming years. The new ownership plans to retain the current Kum & Go stores and employees, ensuring the brand maintains the same values and commitment to customer service. The company also aims to grow the number of Kum & Go stores in the current operating states and potentially expand to new regions.

What does the Sale Mean for The Krause Family?

The Krause family has expressed that this deal is more of a business decision rather than personal. Though the family has an emotional attachment to the business, the time is right to move on from retail operations and instead concentrate on other ventures, such as real estate and asset management.

Conclusion

In conclusion, Kum & Go has been a successful venture for the Krause family for over six decades. This change in ownership will bring a new level of growth and development, but it will continue to maintain the values and vision that the company has lived by since its inception. Kum & Go remains committed to providing customers with high-quality products and top-notch customer service.

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