MFA Oil acquires Oklahoma retail propane operation

MFA Oil Co. acquired Terry’s Propane Inc., a retail propane operation based in Washington, Okla.

According to a press release, Terry’s Propane is the sixth company MFA Oil has acquired in its fiscal year, which began Sept. 1, 2015.

“The purchase of Terry’s Propane solidifies our presence in the Oklahoma City area and is a complementary fit with R&S Propane Inc., another company we recently acquired,” says Don Smith, MFA Oil’s director of mergers and acquisitions, in a press release. “Terry Reynolds, the former owner of Terry’s Propane’s, has agreed to stay on and manage both operations for us. The ability to bring Terry into our company was a key part of this acquisition, and we are very excited to have him join the MFA Oil Co. team.”

Other acquisitions MFA Oil has made in its current fiscal year are Lybarger Oil Inc. in Garnett, Kan.; Elaine Petroleum Distribution Inc. in Elaine, Ark.; S&S Oil and Propane Co. Inc. in Emporia, Kan.; and Brownfield Oil Co. in Moberly, Mo.