MFA Oil Company Acquires Central Oklahoma Propane Supplier
January 14, 2016
MFA Oil Company, the seventh largest propane retailer in the United States, announces it has acquired R&S Propane, Inc., a propane supplier based in Dibble, Okla. The acquisition strengthens MFA Oil’s position in central 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, Kan. and Elaine Petroleum Distribution Inc. in Elaine, Ark. The company plans to continue evaluating acquisition opportunities in its existing market area and other states where it can expand its footprint.