According to MFA Oil, the acquisition includes 17 propane storage facilities, five bulk fuel storage facilities, five card refueling locations and an office in Emporia.
“This is a major acquisition that will significantly broaden our business in Kansas and fits in well with the Lybarger Oil purchase we made in September 2015,” says Don Smith, MFA Oil’s director of mergers and acquisitions. “The volume of business we’ve acquired from S&S and Lybarger is larger than all of MFA Oil’s previous bulk fuel and propane acquisitions for the last five years combined.”
The S&S Oil acquisition gives MFA Oil an additional 5.2 million gallons of annual propane sales, the company says. The acquisition is MFA Oil’s fourth of its fiscal year, which began Sept. 1. Besides S&S Oil and Lybarger Oil, MFA Oil has acquired Elaine Petroleum Distribution Inc. and R&S Propane Inc. since the start of its fiscal year.