U.S. Oil owns and operates strategically-located terminals in Milwaukee, Green Bay, Chippewa Falls and Madison, Wisconsin; Cheboygan and Rogers City, Michigan; Bettendorf, Iowa; and Houston, Fort Worth and Bryan, Texas. This creates a north to south network served by the Explorer, Magellan and WestShore pipelines and also provides Great Lakes and Mississippi River barge access with multiple rail facilities. Plans are underway to upgrade technologies at the Milwaukee area facility.
This acquisition strengthens U.S. Oil’s relationship with Marathon Petroleum Corporation and its customers. “With this acquisition we will continue to service our customers through distribution, wholesale, branded and logistics businesses,” said Mike Koel, Vice President of Business Development for U.S. Oil. “We look forward to continuing the relationships already in place while expanding our customer base.”
“US Oil has an excellent reputation in terminal operations and management. We expect the transition to go smoothly,” said John S. Swearingen, Senior Vice President, Transportation and Logistics, Marathon Petroleum Corporation.
About U.S. Venture
For over 60 years, U.S. Venture, Inc. has been recognized as an innovative leader in the distribution of petroleum and renewable energy products, lubricants, and tires and parts for the automotive aftermarket. Guided by its company vision, “To be the very best value-adding distributor of products that vehicles consume in North America,” they deliver unconventional, creative solutions that give their customers a competitive edge. Headquartered in Appleton, Wisconsin, the company’s business divisions are U.S. Oil, U.S. AutoForce®, U.S. Lubricants and U.S. Gain.
About U.S. Oil
U.S. Oil is recognized by customers and partners for its value-adding approach in the distribution, marketing, trading and operations of fuel and renewable energy products in United States and Canada. For more information on U.S. Oil and business opportunities contact Mike Koel at 920-830-6261 or visit www.usoil.com
About Marathon Petroleum Company
MPC is the nation’s fourth-largest refiner, with a crude oil capacity of approximately 1.7 million barrelsper-calendar-day capacity in its seven-refinery system. Marathon brand gasoline is sold through more than 5,400 Marathon independently owned retail outlets across 19 states.