A Wisconsin company has added a petroleum terminal in Indianapolis. The acquisition by U.S. Oil brings the total number of terminals under the distribution division of U.S. Venture Inc. to 21 throughout North America.
In a news release, U.S. Oil says the deal bolsters its biofuels businesses and expands its footprint, which includes facilities serving the Chicago market other Illinois properties.
It will help the company serve branded, unbranded and independent marketers and dealers throughout Indiana and the Midwest. U.S. Oil says its "strategically-located," owned and operated terminal portfolio extends through Wisconsin, Michigan, Iowa and Texas.
Vice President of Business Development Mike Koel said “our strategic plan supports acquisitions such as the Indianapolis terminal to continue growth of our distribution, wholesale, branded and logistics businesses. 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."