River Valley Cooperative to acquire Eastern Iowa Propane & Petro

February 10, 2022 By    

River Valley Cooperative, headquartered in Davenport, Iowa, agreed to acquire Eastern Iowa Propane & Petro of Clinton, Iowa.

The companies expect to complete the acquisition by April 15.

Eastern Iowa Propane & Petro entered the energy business in 1983. Today, it operates two retail cardtrol locations in Clinton, Iowa, and Maysville, Iowa, and delivers propane and refined fuel products to 3,000 customers throughout eastern Iowa and western Illinois.

Eastern Iowa Propane & Petro employs about 25 full-time employees who are expected to join River Valley Cooperative and continue serving current Eastern Iowa Propane customers.

“The culture and values of River Valley Cooperative are consistent with what my family and Eastern Iowa Propane & Petro have developed over its almost 40-year history, and I am excited to know that our customers will continue to get the same great service their loyalty deserves,” says Brent Seeser, owner of Eastern Iowa Propane & Petro.

River Valley Cooperative is a full-service agriculture cooperative with annual sales of about $800 million. Owned by more than 2,950 farm families in eastern Iowa and northwest Illinois, River Valley Cooperative has 36 locations with more than 300 full-time employees. In addition to the energy business, River Valley Cooperative offers products and services in agronomy, grain and feed. The company dates back to 1906.

“We look forward to working alongside Eastern Iowa Propane & Petro employees within the combined organization and continuing our mutual commitment to excellent customer service,” says Tim Burress, CEO of River Valley Cooperative. “Having the ability to bring together two dedicated employee teams, shared culture and values, along with financial stability, is a tremendous opportunity. This partnership, along with our current energy business footprint in the Clinton, Scott and Whiteside County areas, further enhances our commitment to serving customers in eastern Iowa and western Illinois.”

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