MADISON, Wis. -- Kwik Trip has signed an agreement to acquire the assets of PDQ Food Stores.
The announcement was made Wednesday morning in a news release.
The transaction is scheduled to be completed in early October and is subject to PDQ employee approval and other customary closing conditions.
“This acquisition allows Kwik Trip to expand its presence in a market that is important to its overall retail growth strategy,” a news release said. “The PDQ management and employees have built an excellent brand over their 65 years in business and are well known for their excellent customer service and convenience.”
PDQ is an employee-owned company based in Middleton that owns 34 company-operated convenience stores in southern Wisconsin. Kwik Trip is a family-owned company based in La Crosse.
“With the acquisition of PDQ and future remodel of the PDQ locations we anticipate adding more than 1,000 jobs,” said Mark Zietlow, real estate manager and third generation owner.
Kwik Trip plans to operate the acquired stores under the existing PDQ banner until planned remodels and reimaging are completed in mid-2018.