Keystone Cooperative has acquired Dury Propane, a southwestern Michigan energy supplier that has served residential, agricultural and commercial customers for more than six decades, the companies announced this week.
The acquisition, effective May 29, expands Keystone’s propane footprint in Michigan and adds to the farmer-owned cooperative’s growing energy business across the Midwest.
Financial terms of the deal were not disclosed.
Dury Propane, based in Sturgis, Mich., has provided propane service to customers since 1960. Company officials said they sought a buyer that would preserve the customer relationships and service standards that helped build the business over the past 66 years.
“This decision was made with our customers at the forefront,” the Dury team said in a statement announcing the sale. “It was essential to find a partner who shares our values and will continue to deliver the level of service our customers expect and deserve. Keystone Cooperative stood out as the right fit.”
The acquisition comes as energy providers across rural America face increasing pressure to modernize infrastructure, manage volatile fuel markets and meet growing demand from agricultural operations. Industry consolidation has become increasingly common as smaller suppliers seek access to larger distribution networks and operational resources.
Keystone Cooperative, headquartered in Indianapolis, traces its roots to the 1920s and serves customers across Indiana, Ohio, Michigan and Illinois. The cooperative, which is wholly owned by farmer-members, operates businesses focused on agronomy, grain marketing, animal nutrition, swine production and energy services.
Company officials said Dury customers should experience no interruption in service. Existing employees are expected to remain in place, and customers will continue to use the same contact information following the transition.
“Keystone Cooperative is pleased to carry forward the outstanding local service built by Dury Propane,” said Mike Hayden, Keystone’s assistant vice president of propane. “We are committed to maintaining the trusted relationships, safety standards and high-quality service that customers have come to rely on.”
The deal strengthens Keystone’s position in the propane market at a time when many rural households and farms continue to depend on the fuel for home heating, grain drying and other agricultural applications.
Keystone officials said the acquisition reflects a long-term strategy of expanding energy services while maintaining local customer relationships in the communities the cooperative serves.
