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APPLETON, Wis. — U.S. Oil acquired a refined products terminal in Indianapolis, which the company states will strengthen its 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 Indianapolis terminal adds 410,000 barrels of capacity and expands U.S. Oil’s existing distribution network to 21 terminals in North America.
The acquisition will also allow U.S. Oil to optimize the facility through enhanced biofuel opportunities and additional capital investment projects, the company said.
“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. “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.”
U.S. Oil already owns and operates terminals in Chippewa Falls, Green Bay, Madison and Milwaukee, Wis.; Cheboygan and Rogers City, Mich.; Bettendorf, Iowa; and Bryan, Fort Worth and Houston, Texas. The addition of the Indianapolis terminal expands its network east.
U.S. Oil is the petroleum and renewable energy distribution division of Appleton-based U.S. Venture Inc.