Central Farm Service acquires O’Connell Oil Company in Minnesota

Fountain Hills, Ariz (July 2, 2026) – Central Farm Service, based in Truman, Minnesota, acquired O’Connell Oil Company of Le Sueur, Minnesota, in a transaction advised by Legacy Energy Consulting.

O’Connell Oil Company’s story is deeply woven into the LeSueur, Minnesota, community. Its roots date back to 1961, when brothers Tom and Richard O’Connell carried forward their family’s legacy by purchasing their father JJ’s general store and fuel business, which was first established in the 1930s. What began as a family fuel business grew over the decades into a trusted local provider of fuel, propane, anhydrous ammonia and dry fertilizer, built on relationships, hard work and a commitment to serving neighbors. That legacy continued through the next generation as brothers Pat, Mike and Brandon joined the company in 1979, 1980 and 2005, respectively. The family connection remained strong with Pat’s wife, Rita, also contributing to the business and Mike’s son, Mark, becoming part of the fourth generation involved in carrying the O’Connell name forward.

The O’Connells commented “we have spent the last 30+ years building our propane/fuel business and we have known Chad for all of them. When it came time to sell, we knew we could trust Chad to guide us through the difficult and emotional process. Chad, Tyler and Dustin were with us every step of the way and we couldn’t have asked for an easier transition to finding a company we felt could continue our level of customer service. The guidance and knowledge Chad and his team at Legacy have to offer are second to none.”

Chad Pendill, founder and president of Legacy Energy Consulting, commented, “I have known the O’Connell family for 30 years, and it was both an honor and a privilege to help guide them through this important transition. Their business is a true legacy company, built through generations of hard work, family commitment and service to their community.”

Legacy Energy Consulting delivered merger and acquisition services to O’Connell Oil Company. These services encompassed the initial valuation, discreetly marketing the business to potential buyers, negotiating the final deal structure and managing the due diligence process between the seller and the eventual buyer. Chad Pendill, Tyler Pendill and Dustin Shafer managed the transaction. This transaction is the second for Legacy Energy Consulting in 2026, and it’s 29th since 2020.