MFA Oil Acquires Propane Operations of Hamilton Produce

MFA Oil Co., a farmer-owned energy supply cooperative, acquired the propane operations of Hamilton Produce Co., located in Bloomfield and Ottumwa, Iowa. Legacy Energy Consulting facilitated the acquisition for Hamilton Produce Co. The deal includes customer accounts, trucks, storage tanks, an office in Ottumwa and employees. 

“We are excited to welcome Hamilton Produce energy employees to our team,” says Kenny Steeves, senior vice president of MFA Oil operations. “This is a great opportunity to extend our propane service farther north into Iowa, and we look forward to delivering the same high level of service that Hamilton Produce propane customers have come to expect.” 

The acquisition adds to the cooperative’s established presence in southeast Iowa, with a Petro-Card 24 fuel station in nearby Bloomfield and a bulk fuel and propane plant in Centerville. Doug Dick, who has overseen propane operations at Hamilton Produce for the past 20 years and is an owner of the business, will now manage the office in Ottumwa for MFA Oil. 

“I’m looking forward to working with MFA Oil and ensuring our customers continue to receive excellent propane service,” Dick says. 

For Legacy Energy Consulting, the transaction marks its fourth deal closure in 2024 after facilitating the sale of Maassen Oil Company, Island Energy’s forklift assets, and Waquie Propane earlier this year. It now has completed 20 deals since its inception in 2020. 

Legacy provides business acquisition and evaluation services connecting buyers and sellers. The company is led by Chad Pendill, president, and Tyler Pendill, director of sales and marketing.