U.S. Venture, Inc. moves to full ownership of transportation energy and supply chain management company BreakthroughFuel®, LLC
Appleton, Wis. – April 26, 2019 – An innovative leader in the distribution of petroleum and renewable energy products, lubricants, and tires and parts for the automotive aftermarket, U.S. Venture, Inc. has moved to full ownership of Green Bay, Wis.-based BreakthroughFuel®, LLC, a transportation energy and supply chain management company.
BreakthroughFuel is a groundbreaking energy and supply chain management company, helping shippers around the world achieve transparency and remove distortion from their transportation supply chains. Using patented strategies and expert industry insights to improve supply chain efficiency, BreakthroughFuel cuts energy costs and consumption while reducing emissions. In 2018, the company helped its clients eliminate more than 8.9 million gallons of diesel fuel from their supply chains and reduce their collective carbon footprint by more than 90,000 metric tons of CO2. The firm has received the prestigious “Winning Through Innovation” award from Unilever and is a five-time recipient of Procter & Gamble’s “External Business Partner Excellence Award.” Read more at the BreakthroughFuel website.
U.S. Venture has been an investor in BreakthroughFuel since 2006, steadily buying more of the business over the years. BreakthroughFuel will operate independently within the U.S. Venture portfolio of companies.
“Purchasing BreakthroughFuel aligns with U.S. Venture’s strategy to diversify the business, and I’m excited about the ways our companies will partner to pursue products and services that are relevant for the future,” says John Schmidt, CEO and president of U.S. Venture.
Started in 2004, BreakthroughFuel helps the world’s largest shippers achieve transparency by removing distortion from their transportation supply chains. BreakthroughFuel is passionate about its commitment to its clients, team members, and community.
“We truly believe that our partnership with U.S. Venture best positions us to realize our long-term strategic goals, and we are proud to be part of the U.S. Venture family of businesses,” says Doug Mueller, CEO and president of BreakthroughFuel.
BreakthroughFuel will continue to operate in Green Bay, and Mueller, who will continue serving as CEO and president, will join U.S. Venture’s senior leadership team to ensure visibility and collaboration between businesses.