O’Connell Oil Company sells to Central Farm Service

July 6, 2026 By Chris Markham 0 Comments

The O’Connell Oil Company of LeSueur, Minnesota, has sold to Central Farm Service (CFS), headquartered in Truman, Minnesota. Legacy Energy Consulting, a merger and acquisitions consulting firm, announced the sale.

O’Connell Oil Company’s story is deeply woven into the LeSueur community. Its roots date back to 1961, when brothers Tom and Richard O’Connell carried forward their family’s legacy by purchasing their father JJ’s general store and fuel business, which was established in the 1930s. What began as a family fuel business grew over the decades into a trusted local provider of fuel, propane, anhydrous ammonia and dry fertilizer, built on relationships, hard work and a commitment to serving neighbors. That legacy continued through the next generation as brothers Pat, Mike and Brandon joined the company in 1979, 1980 and 2005, respectively. The family connection remained strong with Pat’s wife Rita also contributing to the business and Mike’s son Mark becoming part of the fourth generation involved in carrying the O’Connell name forward.

“We have spent the last 30-plus years building our propane/fuel business and we have known Chad for all of them,” say the O’Connells. “When it came time to sell, we knew we could trust Chad to guide us through the difficult and emotional process. Chad, Tyler and Dustin were with us every step of the way and we couldn’t have asked for an easier transition to finding a company we felt could continue our level of customer service. The guidance and knowledge Chad and his team at Legacy have to offer are second to none.”

“I have known the O’Connell family for 30 years, and it was both an honor and a privilege to help guide them through this important transition,” says Chad Pendill, founder and president of Legacy Energy Consulting. “Their business is a true legacy company, built through generations of hard work, family commitment and service to their community.”

Legacy Energy Consulting delivered comprehensive merger and acquisition services to O’Connell Oil Company. These services encompassed the initial valuation, discreetly marketing the business to potential buyers through an efficient and structured sale process, negotiating the final deal structure and managing the due diligence process between the seller and the eventual buyer. Chad Pendill, Tyler Pendill and Dustin Shafer managed the transaction. This transaction is the second for Legacy Energy Consulting in 2026, and its 29th since 2020.

About Legacy Energy Consulting

Legacy Energy Consulting was established in 2020 by Chad Pendill and his son Tyler Pendill. The firm specializes in offering merger and acquisition services to propane and refined fuel businesses across the nation. Legacy Energy Consulting is a family-owned business that aims to provide guidance to other family-owned businesses during the sale of their business.

Featured homepage image: designer491/iStock / Getty Images Plus/Getty Images

Heartland Co-op acquires Legacy Propane

Legacy Energy Consulting adds director of business development

Phelan Gas sells in Southern California