MFA Oil acquires fifth propane retailer of fiscal year

MFA Oil Co. purchased DeClerk LP Gas Inc., a Pocahontas, Arkansas-based company that’s been operating since 1938.

This marks the fifth acquisition MFA Oil has made in the 2017 fiscal year, which began Sept. 1, 2016, the company reports. The other companies purchased during the fiscal year include Spring Hill Oil Co. Inc., based in Spring Hill, Kansas; Ozark County LP Gas Co. Inc., with locations in Gainesville, Missouri, and Mountain Home, Arkansas; Keiser Oil and LP Gas Co., based in Keiser, Arkansas; and Ford Oil Co., with locations in Hornersville, Missouri, and Kennett, Missouri.

“The purchase of DeClerk LP Gas ties together our central and eastern operations within Arkansas and will greatly improve our efficiencies and delivery systems,” says Jon Ihler, vice president of sales and marketing for MFA Oil.

The company says it will continue to evaluate strategic acquisition opportunities in its existing market areas and other states where it can expand its footprint.