Appleton, Wis. — U.S. Energy, a provider of refined products, alternative fuels and environmental credits, agreed to purchase NGL Supply Terminal Company’s propane storage and terminal assets, which are located adjacent to U.S. Energy’s existing terminal in Wisconsin at Green Bay Quincy North. This strategic acquisition will mark U.S. Energy’s further entry into the wholesale propane market.
Through this agreement, U.S. Energy will be able to store, distribute and market propane across northeast Wisconsin where it currently owns and operates seven fuel terminals. Its focus will be on serving distributors who handle last-mile propane delivery to end users. U.S. Energy is expected to close the transaction and take over the assets no later than March 31, 2025 — ensuring a seamless transfer of ownership and uninterrupted service for customers.
“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,” shared Mike Koel, president of U.S. Energy. “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 offering across its 37 owned-and-operated terminals nationwide. At the Green Bay facility, its connected rail line provides additional propane storage capacity as well as an alternative distribution channel to truck transport.
While initial growth efforts are centered around Green Bay, this acquisition will align with U.S. Energy’s long-term strategy to grow within the wholesale propane market.
