Acquisitions in Southern Missouri Grow MFA Oil Presence
June 17, 2022
Written By Adam Buckallew
MFA Oil Company recently made a pair of acquisitions in the Show-Me State. The company acquired the propane and refined fuel operations of Griffin Oil & Propane, an independent retailer based in southeast Missouri, on March 30. MFA Oil completed another acquisition when it bought D&D Oil Company of Wheaton, Mo., on April 27.
The Griffin Oil & Propane deal included offices in Deering, Mo., and Portageville, Mo. MFA Oil gained a new storage location in Cassville, Mo., and a service station in Wheaton from the D&D acquisition. Both purchases included the acquisition of trucks, tanks, employees and customer accounts.
“We are very excited to have added new team members from Griffin Oil & Propane and D&D Oil Company to our staff,” said Kenny Steeves, senior vice president of MFA Oil operations. “Both companies had top-notch teams that we were pleased to welcome to the MFA Oil family. Adding these new employees’ talents to our current resources is helping us bolster our efforts in southern Missouri.”
Passing the Torch
The owners of both companies thanked their customers for many years of support and explained why they felt MFA Oil was best positioned to continue to care for their energy needs.
Joe King, co-owner and managing partner of Griffin Oil & Propane, expressed gratitude to the many customers serviced by his company for decades.
“When we decided to pass the torch, we wanted to ensure our employees and customers would be in good hands,” King said. “MFA Oil is best positioned to provide the high level of care our customers expect. As we have worked through the transition, their interactions with our people and clientele have been nothing less than amazing.”
Steve DeCocq, president of D&D Oil Company, thanked customers “for allowing us the privilege of providing your fuel needs for so many years.”
“When my wife, Brenda, and I decided to retire, it was imperative to us that we find a company that we believed would have the best culture to take care of our customers and our employees,” DeCocq said. “MFA Oil was hands down the best fit.”
MFA Oil actively seeks out expansion opportunities through acquisitions. Buying Griffin Oil and Propane and D&D Oil Company strengthens the cooperative’s presence in southwest and southeast Missouri.
“These purchases fit well with our existing operations, and the addition of their resources will allow us to better serve customers in southeast and southwest Missouri,” Steeves said.
MFA Oil has now made three acquisitions in its 2022 fiscal year, which began on Sept. 1, 2021. In November, the company acquired the propane and refined fuel operations of Midwest Propane, the energy business of Mid-West Fertilizer, LLC in eastern Kansas, western Missouri and northeast Oklahoma.
MFA Oil continues to evaluate strategic acquisition opportunities in its existing market areas and other regions where it can expand its footprint.