MFA Oil acquired Simmons Energy Solutions, the propane business of Simmons Foods Inc. on September 1. The acquisition includes locations in Decatur, Arkansas and Jay, Oklahoma.
“I am happy to announce the acquisition of Simmons Energy into our company,” says Kenny Steeves, senior vice president of MFA Oil operations. “This acquisition fits very well into our current geography and the customer base will be a good addition to support growth in this area. We will be servicing approximately 110 new poultry farms in northwest Arkansas and northeast Oklahoma. Most of the business is currently being funneled through our Grove, Oklahoma office, which has proven to be a positive source to transition these customers.”
“As a food company, we have determined that propane operations are outside of our core business,” said David Jackson, chief operating officer of Simmons Foods. “We are confident that we leave our customers in good hands with MFA Oil and we will work together to ensure a seamless transition process.”
“We believe their business approach and culture is a good fit for our valued customers and team members,” Jackson added. “We are pleased that MFA Oil plans to extend job offers to the majority of team members currently working in this operation. Our Human Resources team will be assisting all affected team members with the transition.”
MFA Oil will continue to evaluate strategic acquisition opportunities in its existing market areas and other regions where it can expand its footprint.