Asphalt Materials expands capabilities

Nov. 20, 2020
The Heritage Group company adds three asphalt terminals in acquisition from Marathon Petroleum subsidiary

Asphalt Materials, Inc. (AMI) recently completed the acquisition of three asphalt terminals from a subsidiary of Marathon Petroleum Corporation.

The company said the purchase of the facilities expands its capabilities in the Indiana and Illinois markets, and its footprint in the Midwest. AMI plans to retain the current leadership team and employees at all three terminals, and continue to invest in and grow the product suite and capabilities at those sites.

“We are excited about the addition of our new teammates in St Elmo IL, Benton IL and Mt. Vernon IN,” said Chip Ray, Asphalt Materials president. “Their proven track record of safety, quality and service will mesh well with the values of Asphalt Materials.

“These facilities are a tremendous strategic fit for our business and will enhance our commitment to support our core customer base.”

AMI hauls superpave performance grading (PG) asphalt and emulsion products.

The St. Elmo facility handles emulsions and cutbacks, Benton handles emulsions, and the Mount Vernon location is an asphalt terminal on the Ohio River.

Asphalt Materials is part of the family-owned The Heritage Group, and the Heritage Construction & Materials division, which is a collection of companies that provide road construction materials and services. With the three new terminals, AMI now has 26 plants with loading racks and products tanks between its seven different brands in Illinois, Indiana, Iowa, Kentucky, Michigan, Ohio and Wisconsin.

The company maintains its own trucking operations in Iowa, Illinois and Wisconsin. Its plants consist mostly of loading racks and product tanks.

AMI’s Tama IA Bituminous Materials & Supply location runs a fleet of 12 trucks and 28 tank trailers, the Morris IL Tri-State Asphalt and ProTack location boasts 27 trucks and 56 tank trailers, the Abbotsford WI Henry G. Miegs (HGM) operation includes 16 trucks and 32 tank trailers, and the Portage WI HGM plant has 17 trucks and tank trailers.

Tyler Trent, The Heritage Group’s U.S. logistics manager, said AMI’s overall trucking platform has increased fivefold in the last 12-14 months, and continues to expand through acquisitions and organic growth.

AMI’s combined fleet now includes more than 300 transport tankers and portable storage trailers.

About the Author

BT staff