22 RVC Insights Spring - Flipbook - Page 5
owa Propane & Petro LTd.
Jean Bowen, Energy Business Lead
The acqusition would 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.
We are excited for the opportunity to
expand our energy business and share
the following news release:
River Valley Cooperative,
headquartered in Davenport, Iowa,
and Eastern Iowa Propane & Petro,
LTD. today announced that they had
signed an agreement for River Valley
Cooperative to acquire the assets of
Eastern Iowa Propane & Petro, LTD.
River Valley Cooperative expects to
complete the acquisition by April 15,
2022.
Eastern Iowa Propane & Petro, LTD
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 approximately 25 full-time
employees, who are expected to join
River Valley Cooperative and continue
serving current Eastern Iowa Propane
customers.
River Valley Cooperative is a full-service
ag cooperative with approximately
$800 million annual sales. Owned by
over 2,950 farm families in Eastern
Iowa and Northwest Illinois, River
Valley Cooperative has 36 locations
with over 300 full-time employees. In
addition to the energy business, River
Valley Cooperative offers products and
services in agronomy, grain, and feed.
River Valley Cooperative’s parent roots
date back to 1906.
“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,” said Eastern Iowa
Propane & Petro, LTD owner, Brent
Seeser.
“We look forward to working
alongside Eastern Iowa Propane &
Petro employees within the combined
organization and continuing our
mutual commitment to excellent
customer service,” added Tim Burress,
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