U.S. Energy®, a leading provider of refined products, alternative fuels, and environmental credits, has entered into a definitive agreement to acquire the propane storage and terminal assets of NGL Supply Terminal Company. The assets, located adjacent to U.S. Energy’s existing terminal in Green Bay Quincy North, Wisconsin, will strengthen the company’s presence in the wholesale propane market.
Through this acquisition, U.S. Energy will expand its ability to store, distribute, and market propane across Northeast Wisconsin, where it currently owns and operates seven fuel terminals. The company will focus on serving propane distributors who provide last-mile delivery to end users, ensuring a reliable supply chain for the region. The transaction is expected to close by March 31, 2025, facilitating a seamless transition of ownership while maintaining uninterrupted service for customers.
Mike Koel, president of U.S. Energy, highlighted the significance of this acquisition:
“Many of our current customers have an existing propane need. Owning these assets better positions us to meet all their fuel needs, streamline purchases, and become their terminal of choice. We’ve built our strategy around finding a better way to serve our customers, and through continued investments in new product offerings like this, we’re able to expand upon our core capabilities.”
This acquisition will complement U.S. Energy’s existing fuel and multimodal logistics offerings across its 37 owned and operated terminals nationwide. At the Green Bay facility, the company’s connected rail line will provide additional propane storage capacity as well as an alternative distribution channel to traditional truck transport.
By integrating propane into its portfolio, U.S. Energy continues to expand its capabilities and enhance its role as a trusted fuel supplier. The acquisition reflects the company’s ongoing commitment to providing innovative energy solutions while improving efficiency and service for its customers.
For more information visit www.us-energy.com
