Ricker Confirms Chain’s Sale to Giant Eagle

(Image courtesy of Ricker Oil Co.) From left-to-right: Quinn Ricker

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Anderson-based Ricker’s co-founder Jay Ricker confirms an agreement has been reached to sell the convenience store chain to Pittsburgh-based Giant Eagle Inc. Ricker Oil Co. was founded nearly 40 years ago and has grown to include 56 stores throughout central, east central and northeast Indiana. Ricker’s says it currently employs some 850.

In a news release, Chief Executive Officer Quinn Ricker said "Ricker’s has proudly served the Indiana community for nearly 40 years, and we are so excited to have found a partner in Giant Eagle and GetGo who shares the people-focused values we hold so dearly. Giant Eagle, like Ricker’s, is a family-owned company. We believe strongly that the coming together of our two businesses will be a seamless, and extremely positive, experience for employees, customers and business partners alike."

Giant Eagle’s presence in central Indiana began in 2015 with the opening of a Market District and GetGo cafe and market location. The state now has six GetGo locations and a seventh slated to open next month in Zionsville.

Giant Eagle CEO Laura Karet says "we are thrilled to partner with such a strong company, brand and talented group of Ricker’s employees. We look forward to building on the great history that Ricker’s has in Indiana, and carrying forward many of the amazing offerings and services Ricker’s customers have come to expect."

Jay Ricker added in a statement "we want to thank our loyal Ricker’s customers, and assure them this new business arrangement will help us maintain our position as a leader in the convenience store industry."

Giant Eagle says "there will be no disruption to Ricker’s store operations as a result of the agreement between the two companies, nor are there any immediate plans to change the GetGo or Ricker’s store experience." The deal is set to close by year’s end.