Hy-Vee has agreed to sell 21 standalone Fast & Fresh convenience store locations to Bosselman Pump & Pantry, a Nebraska-based fourth-generation fuel and convenience retailer, the companies announced June 5. The deal is expected to close in July, after which the locations will be rebranded under the Pump & Pantry banner.
For Hy-Vee, the divestiture is a strategic move. The Iowa-based grocery chain will retain 168 convenience stores – those adjacent to its flagship supermarkets – while redirecting investment toward its core grocery business and a wave of store openings in 2027 and beyond.
Focus on the core
No Fast & Fresh locations other than these 21 standalone stores are affected by the sale, according to the grocer.
Lucas Glasgow, SVP of Hy-Vee Fast & Fresh, said he is confident the locations will continue to deliver quality and value to customers under their new ownership…