MFA Oil Acquires Propane Assets of Spring Hill Oil Company and Donated $50,000 to The Nathan Project
June 20th, 2017
MFA Oil Company, a farmer-owned energy supply cooperative announces it has acquired the propane operations of Spring Hill Oil Company, an independent retailer based in Spring Hill, Kan., effective June 16.
“This acquisition represents another major step into the Kansas market for our company,” says Jon Ihler, MFA Oil vice president sales and marketing. “This is our third propane acquisition within the state and we are reviewing additional opportunities in the area. We see the growth of our footprint in Kansas as an important part of our future.”
MFA Oil plans to integrate the Spring Hill acquisition with its existing nearby operations. Spring Hill Oil, which has been in business for 39 years, will retain its refined fuel services.
Terms of the purchase include a $50,000 donation to The Nathan Project, an organization founded by Spring Hill Oil Company President Ron Stiles and his wife, Connie. The non-profit was created in honor of the Stiles’ late son, Nathan, who suffered fatal brain injuries while playing football during his senior year of high school. Since its inception in 2010, the Nathan Project has provided more than 22,000 bibles to correctional facilities, drug rehabilitation groups and others who need them most.
“I want to thank our customers for their many years of loyalty and welcome MFA Oil to our community as we work together to service customers’ energy needs,” says Stiles. “I would also like to thank MFA Oil for its contribution to The Nathan Project. The donation will enable us to purchase thousands more bibles.”
“Nathan’s story has become very meaningful to us and we are proud to support the Stiles’ efforts with The Nathan Project,” says Ihler.
This is the fourth acquisition of MFA Oil’s 2017 fiscal year thus far, which began September 1, 2016. Previously MFA Oil acquired Ozark County LP Gas Company, Inc., with locations in Gainesville, Mo. and Mountain Home, Ark.; Keiser Oil and LP Gas Co. of Keiser, Ark; and Ford Oil Company and its operations in Hornersville, Mo. and Kennett, Mo. The company will continue to evaluate acquisition opportunities in its existing market area and new opportunities.