U.S. Oil, the petroleum and renewable energy distribution division of U.S. Venture Inc., has acquired a Milwaukee area terminal from Marathon Petroleum Corp., based in Findlay, Ohio.
The terminal, located at 9125 North 107th Street will add 530,000 barrels of capacity to the U.S. Oil network and will expand its distribution network to 20 terminals.
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 Corp. 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.”
“U.S. Oil has an excellent reputation in terminal operations and management. We expect the transition to go smoothly,” said John Swearingen, senior vice president, transportation and logistics, Marathon Petroleum Corp.