MFA Oil Co. acquired the propane operations of Spring Hill Oil Co., an independent retailer based in Spring Hill, Kansas.
MFA Oil plans to integrate the Spring Hill Oil acquisition with its existing nearby operations. Spring Hill Oil, which has been in business for 39 years, will retain its refined fuels services division, according to MFA Oil.
“This acquisition represents another major step into the Kansas market for our company,” says John Ihler, MFA Oil’s vice president of 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.”
In addition, MFA Oil donated $50,000 to the Nathan Project, an organization founded by Spring Hill Oil’s President Ron Stiles. The nonprofit was created in honor of Stiles’ late son, Nathan, who suffered fatal brain injuries while playing football during his senior year of high school, MFA Oil says. The project provides Bibles to correctional facilities, drug rehabilitation groups and other locations.
“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,” Stiles says. “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.”
This deal marks MFA Oil’s fourth acquisition of its 2017 fiscal year, which began Sept. 1, the company says. Previously, MFA Oil acquired Ozark County LP Gas Co. Inc., Keiser Oil and LP Gas Co. and Ford Oil Co. The company plans to continue to evaluate acquisition opportunities in its existing market area.
Formed in 1929, MFA Oil has more than 40,000 members. It supplies fuels, lubricants and propane to customers in Missouri, Arkansas, Colorado, Georgia, Indiana, Iowa, Kansas, Kentucky, Nebraska, Oklahoma, Tennessee, Utah and Wyoming.