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APPLETON, Wis. -- U.S. Venture has acquired Trueblood Oil Co.'s branded wholesale fuel supply business serving the convenience store and gas station industry. The move gives U.S. Venture a significant distribution position in Indiana and provides the company with an expanded reach in the Midwest.
"This is a great opportunity as it helps U.S. Venture accelerate our current expansion into the Indiana, Ohio and Michigan markets," said Steve Quinette, vice president of branded sales for U.S. Venture. "Another positive aspect is that we gain access to the Sunoco fuel brand, which opens up new potential for U.S. Venture."
Trueblood Oil, which dates back to 1957, has supplied fuel to customers in a variety of industries.
"This is a great market and I couldn't be happier that a company with a reputation such as U.S. Venture's is taking ownership," Trueblood's owner Bill Thomas said. "U.S. Venture brings new tools, services and programs that will help build on the success of the company and provide superior site support for the individual c-store owners. The sale is truly a positive for all involved, especially for our customers."
The acquisition puts U.S. Venture in a position to meet its strategic growth plans for the company. "Trueblood has built a successful business with a loyal following of customers who expect great service from the people they know and trust," he said. "We will continue to build on that success by offering additional services and programs to meet our customer's needs."