MFA Oil completed the sale of Georgia LP Gas Co. in Manchester, Ga., to Ranger Fuel Services, LLC on Friday, Nov. 17. The company had acquired the southern propane retailer in October 2014. Jon Ihler, vice president of sales and marketing, says the divestiture was a good opportunity to move on from an area that presented geographic challenges.
“The decision to sell this piece of our business was based primarily on its isolation from our core service area and a lack of strategic acquisitions targets in the surrounding area,” Ihler says. “Rather than continue to operate in a market with insufficient growth opportunities, we are refocusing our attention on acquisitions that better complement our existing operations.”
MFA Oil Company thanks the employees of Georgia LP Gas Co. for their service to the cooperative and wishes them well in their transition and future endeavors.