MFA Oil expands operations in Oklahoma, Arkansas

MFA Oil Co. acquired select assets of Jim Woods Marketing Inc. and Fuels & Supplies, including propane operations in northeast Oklahoma and refined fuel and tank wagon operations in northwest Arkansas and northeast Oklahoma.

Jim Woods Marketing and Fuels & Supplies have served customers in the regions for about 60 years.

MFA Oil says the propane acquisition, involving Jim Woods Marketing, is its third in Oklahoma this year. The company previously acquired Terry’s Propane Inc. of Washington, Okla., in May and R&S Propane Inc. of Dibble, Okla., in January.

“This is a great opportunity to expand our distribution network and increase efficiencies in Arkansas and Oklahoma,” says Don Smith, MFA Oil’s director of mergers and acquisitions. “Fuels & Supplies and Jim Woods Marketing have an outstanding reputation in this region and we are eager to build upon their success.”

The deal marks MFA Oil’s seventh acquisition of its fiscal year, which began Sept. 1, 2015. Previous acquisitions include Lybarger Oil Inc. in Garnett, Kan.; Elaine Petroleum Distribution Inc. in Elaine, Ark.; R&S Propane Inc.; S&S Oil and Propane Co. Inc. in Emporia, Kan.; Brownfield Oil Co. in Moberly, Mo.; and Terry’s Propane Inc.