MFA Oil Company, the seventh largest propane retailer in the United States, has acquired R&S Propane, Inc., a propane supplier based in Dibble, Oklahoma.
“This purchase gives us a good entry point into the nearby Norman and Oklahoma City markets and fits well with our existing operations in Oklahoma,” says Mark Fenner, MFA Oil president and CEO. “We look forward to integrating R&S Propane’s assets into our company and continuing to work with their customers to see that their propane service needs are met.”
This is MFA Oil’s third acquisition of its fiscal year, which began September 1, 2015. Previous acquisitions for the current fiscal year included Lybarger Oil Inc. in Garnett, Kansas and Elaine Petroleum Distribution Inc. in Elaine, Arkansas. The company plans to continue evaluating acquisition opportunities in its existing market area and other states where it can expand its footprint.
MFA Oil Company, formed in 1929, is a farmer-owned cooperative with more than 40,000 members. It is the seventh largest propane retailer in the United States. MFA supplies fuels, lubricants and propane to customers in Missouri, Arkansas, Colorado, Georgia, Indiana, Iowa, Kansas, Kentucky, Nebraska, Oklahoma, North Carolina, Tennessee, Utah and Wyoming. Through a subsidiary, MFA Oil operates Break Time convenience stores in Missouri and Arkansas, Jiffy Lube franchises in central Missouri and Big O Tires franchises in Missouri and Arkansas.