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Jacksons Food Stores acquires Fast Eddy’s – again

One Jacksons Food Store has the Cathedral of St John the Evangelist as its backdrop. Photo by Teya Vitu.

This Jacksons Food Store has the Cathedral of St John the Evangelist as its backdrop. Photo by Teya Vitu.

For the second time, Steve and Tracie Eddy are selling all of their Fast Eddy’s convenience stores/service to Jacksons Food Stores.

Jacksons Food Stores is acquiring the last three Fast Eddy’s convenience stores/service stations, all located in Meridian.

The Eddys have operated two iterations of Fast Eddy’s since 1990. The chain grew to 14 stores by 2004, at which time the Eddys sold all the stores to Jacksons. In 2007, they started a second line of Fast Eddy’s that ultimately grew to three stores, according to the Fast Eddy’s website.

The Eddys were not available for comment.

Jacksons and Fast Eddy’s are both based in Meridian.

“They came to us,” Jacksons CEO John Jackson said.

Jacksons has 10 stores in Meridian but no conflict with the three Fast Eddy’s, Jackson said.

Jacksons has grown to 235 company-operated convenience stores in Idaho, Nevada, Oregon, Washington, Arizona and Utah after starting with a single service station in 1975. Jacksons has 76 stores in the Treasure Valley and 84 in Idaho.

Jacksons has predominantly grown by way of acquisition, as is the case with both Fast Eddy’s deals, though some Jacksons Food Stores were built from the ground up, Jackson said.

The completion of the Fast Eddy’s transaction is expected Aug. 15. Jackson expects to convert the Fast Eddy’s to Jacksons within 30 days after that.

Steve and Tracie Eddy are selling all of their Fast Eddy’s convenience stores and service stations – for the second time.

Jacksons Food Stores is acquiring the last three Fast Eddy’s convenience stores/service stations, all located in Meridian, Jacksons reported in a news release.

Steve and Tracie Eddy have operated two iterations of Fast Eddy’s since 1990. The chain grew to 14 stores by 2004, at which time the Eddys sold all the stores. In 2007, they started a second line of Fast Eddy’s that ultimately grew to three stores, according to the Fast Eddy’s website.

The Eddys were not immediately available for comment.

Jacksons and Fast Eddy’s are both based in Meridian.

Jacksons has grown to more than 230 company-operated convenience stores in Idaho, Nevada, Oregon, Washington, Arizona and Utah after starting with a single service station in 1975.

The completion of the Fast Eddy’s transaction is expected Aug. 15.

About Teya Vitu

Teya Vitu is an Idaho Business Review reporter, covering commercial real estate, construction, transportation and whatever else may intrigue him in the moment. Join me on Twitter at @IBR_TeyaVitu.