MFA Oil Acquires Fuel and Propane Operations of Midwest Propane
December 1, 2021
Written By Adam Buckallew
MFA Oil Company, a farmer-owned energy supply cooperative, announces the acquisition of the propane and refined fuel operations of Midwest Propane, the energy business of Mid-West Fertilizer, LLC, on Nov. 30. The deal includes customers, energy employees, trucks and storage tanks in eastern Kansas, western Missouri and northeast Oklahoma.
“The purchase of Mid-West Fertilizer’s energy assets will complement our existing operations in the surrounding region,” says Kenny Steeves, senior vice president of MFA Oil operations. “We welcome the Mid-West Fertilizer employees who are joining our staff and the new customers we will now be servicing. We expect this will help us grow our membership.”
Scott Barkley, vice president of energy for Mid-West Fertilizer, says the sale will allow both companies to specialize in what they do best.
“MFA Oil specializes in energy products and services, and their expertise will benefit our energy customers and employees,” Barkley says. “The sale gives us an opportunity to focus on growing our core businesses of fertilizer, feed and precision agriculture and updating our facilities.”
MFA Oil and Mid-West Fertilizer will work together to ensure there is no disruption of energy products or services to customers during the transition.
MFA Oil will continue to evaluate strategic acquisition opportunities in its existing market areas and other regions where it can expand its footprint.
About MFA Oil Company
MFA Oil Company, formed in 1929, is a farmer-owned cooperative with more than 40,000 members. MFA Oil is the ninth-largest propane retailer in the United States. The company supplies fuels, lubricants and propane to customers in Missouri, Arkansas, Indiana, Iowa, Kansas, Kentucky, Oklahoma and Tennessee. Through a subsidiary, MFA Oil operates Break Time convenience stores in Missouri and Big O Tires franchises in Missouri and Arkansas.
About Mid-West Fertilizer
Founded in 1980, Mid-West Fertilizer has grown from a fertilizer distributor to now offer solutions that go beyond farm and livestock inputs, including whole farm planning and scouting, feed services, grain marketing and risk management.