U.S. Oil, the petroleum and renewable energy distribution division of U.S. Venture, Inc., announced today that it has purchased the branded wholesale fuel supply businesses of Sasafrasnet, LLC and Esquire Petroleum, LLC. This acquisition allows U.S. Oil to strengthen its fuel marketing footprint in the Chicago market and further support its fuel terminal network.
The acquired sites include a mix of 45 Mobil and BP branded locations and will join the nearly 100 Chicago-based dealers currently part of the U.S. Oil family.
“We are very excited to welcome these successful locations to our family of dealers in the Chicago area,” said Tom Brehm, VP of Branded Sales at U.S. Oil. “We look forward to meeting with these dealers soon.”
“Our Customer Account Representatives will be introducing these new dealers to the people, services and customer support our local Chicago dealers have come to rely on with U.S. Oil,” said Sherry Bevers, VP of Branded Operations.
As a leader in the branded fuel and distribution industry, U.S. Oil has over 600 dealers located across the Midwest and Texas Gulf Coast that are supported by a team of consultative Business Development Representatives and Customer Account Representatives. U.S. Oil also has a large trading, supply and marketing network that includes 25 owned and operated terminals and partnerships with over 200 third-party terminals across the United States.
“U.S. Oil is a good fit for these dealers given their considerable experience and continued investments in the Chicago market. As a fellow family-owned business, it’s important that these dealers will continue to receive the personalized service and support that is the hallmark of U.S. Oil and U.S. Venture,” said Ulice Payne Jr, President Sasafrasnet.
About U.S. Venture
For more than 65 years, U.S. Venture, Inc. has been recognized as an innovative leader in the distribution of petroleum and renewable energy products, lubricants, tires and parts, and using data-driven insights to manage energy and information in the global movement of goods. Guided by the company vision, “To be the very best provider of transportation products and insight driving the world forward,” U.S. Venture delivers unconventional, creative solutions that give customers a competitive edge. Headquartered in Appleton, Wisconsin, the company’s business divisions are U.S. Oil, U.S. AutoForce®, U.S. Lubricants, U.S. Gain, Breakthrough, and IGEN.
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 North America. For more information on U.S. Oil and business opportunities, contact Chuck Dauk at 920-423-6411 or visit www.usoil.com
Sasafrasnet is a certified DBE fuel distributor and will continue to supply blended bio-diesel fuels, marine fuel, aviation fuel and lubricants, and industrial plant and machinery lubricants.
Alison Van Bellinger
Corporate Communication Manager