September 2, 2015 [OPIS] - Wisconsin-based petroleum and renewable energy distributor U.S. Oil, a division of U.S. Venture Inc., said on Tuesday that it has acquired a refined products terminal in Indianapolis, Ind.
The new terminal adds 410,000 bbl of capacity and expands U.S. Oil’s existing distribution network to 21 terminals in North America.
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. U.S. Oil owns and operates strategically located terminals in Chippewa Falls, Green Bay, Madison and Milwaukee, Wis.; Cheboygan and Rogers City, Mich.; Bettendorf, Iowa; Bryan, Fort Worth and Houston, Texas.
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, Illinois 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.
