The purchase of Brownfield Oil to help MFA Oil improve operational efficiency.
MFA Oil Co. has acquired Brownfield Oil Co., a refined fuels and lubricants supplier based in Moberly, Mo. The purchase includes a Sinclair gas station in Shelbina, Mo. and a Sinclair cardlock fueling facility in Kirksville, Mo.
“Brownfield Oil serves an area where MFA Oil has a large market presence, making it a natural fit,” said Don Smith, MFA Oil director of mergers and acquisitions. “It brings a significant amount of fuel volume to the company and will allow us to improve our operational efficiency.”
The Brownfield Oil purchase will also provide substantial growth to MFA Oil’s wholesale petroleum distribution division, APM, and adds Sinclair fuels and branding options to its offerings.
Brownfield Oil was founded in 1971 by Robert Brownfield. Since 1990, Matt Brownfield has overseen the growth and expansion of the company. Throughout the company’s 45 years of operation it has provided fuel and lubricants, branding options and transportation services to customers throughout northern Missouri. Brownfield Oil will retain its transportation services business and some staff as part of the deal. The remaining employees will join the MFA Oil team.
“I would like to thank all my customers for their business and loyalty through the years,” said Matt Brownfield, Brownfield Oil president. “This decision would not have been made unless I was confident MFA Oil would take excellent care of them moving forward.”
This is MFA Oil’s fifth 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. in Dibble, Okla; and S&S Oil and Propane Company Inc. in Emporia, Kan.
The company plans to continue evaluating acquisition opportunities in its existing market area and other states where it can expand its footprint.