Ceres Solutions and Co-Alliance to Vote on Merger

Two of Indiana’s largest cooperatives, Ceres Solutions and Co-Alliance, have agreed to pursue a merger.

In late August of this year, the companies announced they were engaging in due diligence. As a result of their three-month process, their boards unanimously approved a member vote that will take place in the coming weeks.

If approved during the vote, they hope to complete the merger in early 2024.

“After considerable analysis, we believe this merger will provide a tremendous opportunity for our 20,000 farmer-owners. This will allow our team to provide more robust service offerings, greater investments in our assets and an unmatched customer experience,” said Jeff Troike, CEO of Ceres Solutions. “Together we know there will be great synergies from this historic merger with the Co-Alliance team.”

The two co-ops have spent the past three years operating a successful joint venture, Endeavor Ag & Energy, which serves central Michigan in agronomy, propane and feed.

If the merger is successful, nearly 2,000 Ceres Solutions and Co-Alliance employees will collaborate across Indiana, Illinois, Michigan and Ohio to deliver services to customers and share expertise.

“This merger drives our mission of serving our farmer-owners and the communities where we live and work,” said Kevin Still, CEO of Co-Alliance Cooperative. “The combined strength and legacy of success of Ceres and Co-Alliance creates a powerful partner for our farmer-owners and customers, helping them grow future generations. We are excited about this dynamic combination and what it means for the strength and future of the cooperative system.”

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