The company has purchased assets and operations of the independent retailer based in southeast Missouri.
MFA Oil Company, a farmer-owned energy supply cooperative, has announced the acquisition of the propane and refined fuel operations of Griffin Oil & Propane, an independent retailer based in southeast Missouri. The deal includes offices in Deering and Portageville, trucks, tanks, employees and customer accounts.
“We are very excited to add the new team members from Griffin Oil & Propane to our staff. We look forward to incorporating their talents into our current resources to bolster our efforts in the Missouri Bootheel region,” said Kenny Steeves, Senior Vice president of Operations for MFA Oil.
MFA Oil Company, formed in 1929, is a farmer-owned cooperative with more than 40,000 members. The company supplies fuels, lubricants and propane to customers in Missouri, Arkansas, Indiana, Iowa, Kansas, Kentucky, Oklahoma and Tennessee. Through a subsidiary, MFA Oil operates Break Time convenience stores in Missouri and a Big O Tires franchise in Missouri and Arkansas.
“When we decided to pass the torch, we wanted to ensure our employees and customers would be in good hands. MFA Oil is best positioned to provide the high level of care our customers expect. As we have worked through the transition, their interactions with our people and clientele have been nothing less than amazing,” added Joe King, Co-owner and Managing Partner of Griffin Oil & Propane.
MFA Oil continues to evaluate strategic acquisition opportunities in its existing market areas and other regions where it can expand its footprint.
Related contents
Discuss