MFA Oil Racks Up More Acquisitions
COLUMBIA, Mo. — MFA Oil Co. purchased Home Service Oil Co., Home Service Propane Gas LLC and All Propane. These acquisitions will add to MFA's refined fuel and propane offerings.
The operator (via a subsidiary) of Break Time convenience stores in Missouri and Arkansas has been racking up the acquisitions lately. The Columbia-based company also acquired American Petroleum Marketers, Smoky Mountain Propane LLC, Eubanks Oil, Alexander Propane LLC, Faughn Oil and Brown Propane within its past fiscal year.
“MFA Oil continues to look for opportunities to grow our operations in our current market area, as well as expanding our footprint into new states,” said Mark Fenner, MFA Oil's president. “We are pleased to add these employees to our team and look forward to serving our new customers.”
Terms of the most recent transactions were not disclosed.
Founded in 1929, MFA Oil Co. is a farmer-owned cooperative with more than 40,000 members. Aside from operating Break Time c-stores, it supplies fuels, lubricants and propane to customers in 13 states. In addition, MFA operates Jiffy Lube franchises in central Missouri and Big O Tires franchises in central Missouri and Arkansas.