U.S. Oil Expands Distribution and Supply Footprint with Acquisition of Wisconsin Terminal
Appleton, Wis. – U.S. Oil, the petroleum and renewable energy distribution division of U.S. Venture, Inc. announced today that it has acquired a Milwaukee area terminal from Marathon Petroleum Corporation, based in Findlay, Ohio. The terminal, located at 9125 North 107th Street will add 530,000 barrels of capacity to the U.S. Oil network and will expand its distribution network to 20 terminals.
U.S. Oil owns and operates strategically-located terminals in Milwaukee, Green Bay, Chippewa Falls and Madison, Wisconsin; Cheboygan and Rogers City, Michigan; Bettendorf, Iowa; and Houston, Fort Worth and Bryan, Texas. This creates a north to south network served by the Explorer, Magellan and WestShore pipelines and also provides Great Lakes and Mississippi River barge access with multiple rail facilities. Plans are underway to upgrade technologies at the Milwaukee area facility.
This acquisition strengthens U.S. Oil’s relationship with Marathon Petroleum Corporation and its customers. “With this acquisition we will continue to service our customers through distribution, wholesale, branded and logistics businesses,” said Mike Koel, Vice President of Business Development for U.S. Oil. “We look forward to continuing the relationships already in place while expanding our customer base.”
“US Oil has an excellent reputation in terminal operations and management. We expect the transition to go smoothly,” said John S. Swearingen, Senior Vice President, Transportation and Logistics, Marathon Petroleum Corporation.
About U.S. Venture
For over 60 years, U.S. Venture, Inc. has been recognized as an innovative leader in the distribution of petroleum and renewable energy products, lubricants, and tires and parts for the automotive aftermarket. Guided by its company vision, “To be the very best value-adding distributor of products that vehicles consume in North America,” they deliver unconventional, creative solutions that give their customers a competitive edge. Headquartered in Appleton, Wisconsin, the company’s business divisions are U.S. Oil, U.S. AutoForce®, U.S. Lubricants and U.S. Gain.
About U.S. Oil
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 United States and Canada.
For more information on U.S. Oil and business opportunities contact Mike Koel at 920-830-6261 or visit www.usoil.com
About Marathon Petroleum Company
MPC is the nation’s fourth-largest refiner, with a crude oil capacity of approximately 1.7 million barrels-per-calendar-day capacity in its seven-refinery system. Marathon brand gasoline is sold through more than 5,400 Marathon independently owned retail outlets across 19 states.
Tracy Williams-Prince, Marketing Manager
Leonard & Finco Public Relations