MFA Oil Company Expands Propane Operations in Arkansas

Columbia, Missouri – MFA Oil Company, the seventh largest propane retailer in the United States, announced that it has acquired Cunningham Propane, a family-owned propane retailer based in West Helena, Arkansas.

“We are thrilled to add Cunningham Propane as our latest propane acquisition,” says Mark Fenner, MFA Oil president and CEO.  “As we look to grow our already strong presence in Arkansas, adding retailers like Cunningham goes a long way.  Cunningham’s longstanding reputation as an excellent propane retailer fits nicely into our model, as many of our values and goals align.”

Cunningham Propane is MFA Oil’s fifth acquisition of its fiscal year that began September 1, 2014, and the 10thacquisition in the last 12 months. The company previously announced the acquisitions of Faughn Oil Company of Campbell, MO; Alexander Propane of Sullivan, MO; Brown Propane Gas, Inc. of Neosho, MO; All Propane of Murfreesboro, TN; Home Service Oil of Poplar Bluff, MO; New Hampton Propane of New Hampton, MO; Georgia LP Gas Co. of Manchester, GA; PB’s Propane of West Plains, MO; and Basin Propane Systems of Vernal, UT.

MFA Oil continues to look for opportunities to purchase companies in its existing market area as well as expand its footprint to other states.

Source: MFA