US Oil, the petroleum and renewable energy distribution division of US Venture Inc, has acquired a refined products terminal in Indianapolis IN. The terminal adds 410,000 barrels of capacity and expands US Oil’s existing distribution network to 21 terminals in North America.
This acquisition will strengthen US 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 US Oil to further optimize the facility through enhanced biofuel opportunities and additional capital investment projects.
“Our strategic plan supports acquisitions such as the Indianapolis terminal to continue growth of our distribution, wholesale, branded and logistics businesses,” says Mike Koel, US Oil’s 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.”
US Oil owns and operates strategically-located terminals in Chippewa Falls, Green Bay, Madison, and Milwaukee WI; Cheboygan and Rogers City MI; Bettendorf IA; and Bryan, Fort Worth, and Houston TX. The addition of the Indianapolis terminal expands US Oil’s network east with supply logistics through the Chicago complex via Buckeye, Gulf Coast via Enterprise and Marathon’s Robinson, Illinois refinery pipelines.