Solar Transport
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Maverik completes acquisition of Solar, Kum & Go

Sept. 5, 2023
Family-owned Krause Group sells award-winning, Iowa-based fuel hauler to Maverik, parent company FJ Management, in Midwest shakeup

Maverik – Adventure’s First Stop and parent company FJ Management recently completed the acquisition of Kum & Go and Solar Transport from Krause Group.

“We are excited to welcome Kum & Go and Solar Transport team members to Maverik,” Maverik CEO Chuck Maggelet said in a news release. “Together, we’ll offer our customers an adventurous and differentiated convenience store experience across fuel, foodservice, and inside-store offerings. We look forward to using our combined resources to grow our business and further elevate our product offerings to provide the best service to our customers.”

The transaction creates a convenience store network across the Midwest and Rocky Mountain regions that includes 800 stories and approximately 14,000 employees. Maggelet will lead the newly combined organization and Tanner Krause, who spent six years as Kum & Go president and CEO, will transition out of the company, Maverik said.

See also: Solar changing owners in C-store transaction

“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,” said Kyle Krause, Krause Group founder and CEO. “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. Over the last six years, Tanner’s leadership was at the core of these efforts, resulting in a tremendous impact on Kum & Go. I’m confident Kum & Go and Solar Transport are set up for future success with Maverik.

“As we start the next chapter at Krause Group, we will nurture our family of brands and create more opportunities to do good in the world.”