U.S. Oil, the petroleum and renewable energy distribution division of U.S. Venture Inc., 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. We look forward to meeting with these dealers soon,” said Tom Brehm, vice president of branded sales at U.S. Oil.
“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, vice president of branded operations.
U.S. Oil has more than 600 dealers located across the Midwest and Texas Gulf Coast. It also has a large trading, supply and marketing network that includes 25 owned and operated terminals and partnerships with more than 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 of Sasafrasnet.
Sasafrasnet will continue to supply blended biodiesel fuels, marine fuel, aviation fuel and lubricants, and industrial plant and machinery lubricants. Esquire Petroleum, LLC is a wholly owned subsidiary of Chicago-based Sasafrasnet.
For more than 65 years, U.S. Venture has distributed petroleum and renewable energy products, lubricants, tires and parts. With headquarters in Appleton, Wis., the company’s business divisions are U.S. Oil, U.S. AutoForce, U.S. Lubricants, U.S. Gain, Breakthrough and IGEN.