DCC Propane Completes Acquisition of Colorado-based Affordable Propane
Deal increases DCC Propane’s customer base in Colorado to more than 11,000
Lisle, IL – Nov. 12, 2021 – Propane retailer DCC Propane, LLC, recently increased its presence in Denver and the surrounding communities with the acquisition of Affordable Propane, a Colorado-based company which has been providing residential and commercial propane services since 2004.
The deal, which was finalized on November 1, includes the acquisitions of Affordable Propane’s two locations in Fort Morgan and Commerce City, Colorado, along with approximately a dozen of its vehicles. Ten former Affordable Propane employees will also be joining the DCC team.
“This acquisition is a great strategic addition to our existing business and will allow us to accelerate our growth in this attractive high-growth market,” said DCC Propane CEO Matt Dantinne. “We will be expanding our customer base by over 2,000 bringing our total number of customers in Colorado to more than 11,000. We will bring our safe, reliable and experienced approach to serving our new customers in this market.”
DCC Propane General Manager Jason Foster will oversee the daily operations at both of Affordable Propane’s locations.
“This is really exciting because it strengthens our presence in Colorado,” Foster said of the acquisition. “Affordable Propane’s service area includes some very rural locations that depend on propane so this means there is a great opportunity for growth.”
Affordable Propane joins Blue Flame Propane and Enviro Gas as DCC Propane’s third Colorado-based acquisition since the start of 2020. Deluca Gas, a fourth DCC-owned location in Colorado, is headquartered in Poncha Springs.