Farmer-owned energy supply cooperative MFA Oil Company recently acquired Blue Flame Gas, an independent propane retailer based in Marthasville, Missouri, in a deal that included trucks, tanks, and customer accounts.
The transaction closed Oct. 18, the companies reported.
“We are excited to welcome the propane customers of Blue Flame Gas,” said Kenny Steeves, senior vice president of MFA Oil operations. “This acquisition will complement our existing refined fuel customers in the area and our propane services in the broader region. It will deliver big logistical benefits to our cooperative members and customers.”
This is the first acquisition of MFA Oil’s 2023 fiscal year, which began Sept. 1. The company made three acquisitions in its 2022 fiscal year.
Steeves said MFA Oil, which is headquartered in Columbia, Missouri, will continue to operate the propane office at 15956 State Hwy 47 in Marthasville. Customers should call (636) 433-2248 to order propane and schedule service. MFA Oil already has a presence in Marthasville, with a Petro-Card 24 fuel station and a refined fuel bulk plant in the city.
“We want to thank the Glosemeyer family, the former owners of Blue Flame Gas, for making this an easy and smooth transaction,” Steeves said. “Working with them has been wonderful. We are also happy to welcome two very experienced employees and their vast knowledge of the propane business to the MFA Oil family.”
Blue Flame Gas has provided propane service to customers in and around Warren County for more than 40 years.
“Our family has owned Blue Flame Gas Company for four decades, and the decision to sell has not been easy,” said Sandy Cooper, daughter of Blue Flame Gas founder Dennis Glosemeyer. “When MFA Oil approached us about buying Blue Flame Gas, we all knew it was the best fit for our customers and employees.
“I also knew that dad would be incredibly pleased with our choice. He always said if he would ever sell, he wouldn’t sell to just anyone.”