APPLETON, Wis. — U.S. Oil, the petroleum and renewable energy distribution division of U.S. Venture Inc., has acquired a refined products terminal in Indianapolis.
This acquisition will strengthen U.S. Oil’s relationships with unbranded and independent marketers as well as branded dealers in the Midwest, more specifically those located in the North/Central Indiana corridor.
The acquisition will also allow U.S. Oil to further optimize the facility through enhanced biofuel opportunities and additional capital investment projects.
The new terminal adds 410,000 barrels of capacity and expands U.S. Oil’s existing distribution network to 21 terminals in North America.
U.S. Oil owns and operates strategicallylocated terminals in Chippewa Falls, Green Bay, Madison and Milwaukee, Wis.; Cheboygan and Rogers City, Mich.; Bettendorf, Iowa; and Bryan, Fort Worth and Houston, Texas.
U.S. Oil acquired the Milwaukee-area terminal from Marathon Petroleum Corp. (MPC) Findlay, Ohio, in March.
The addition of the Indianapolis terminal expands U.S. Oil’s network east with supply logistics through the Chicago complex via Buckeye, Gulf Coast via Enterprise and Marathon’s Robinson, Ill., refinery pipelines.
“Our strategic plan supports acquisitions such as the Indianapolis terminal to continue growth of our distribution, wholesale, branded and logistics businesses,” said Mike Koel, vice president of business development. “We hope to expand the capabilities of this terminal upon completion of planned capital investment projects, while maintaining the strong service levels established by its terminal associates.”
U.S. Venture is a leader in the distribution of petroleum and renewable energy products, lubricants, and tires and parts for the automotive aftermarket. Based in Appleton, Wis., the company’s business divisions are U.S. Oil, U.S. AutoForce, U.S. Lubricants and U.S. Gain. U.S. Oil is recognized by customers and partners for its value-adding approach in the distribution, marketing, trading and operations of fuel and renewable energy products in the United States and Canada.