Toledo Just Became Part of a $30M Fuel Deal — ARKO Petroleum Closes Its Big Acquisition
Toledo just landed a starring role in a $30 million fuel deal. ARKO Petroleum Corp. (Nasdaq: APC) announced Tuesday morning, Nov. 11, 2026, that it completed its acquisition of the business of U.S. Petroleum Partners, LLC the day before — and a fuel terminal right here in Toledo is part of the package.
The deal is expected to add about 280 million gallons of annual fuel volume across about 400 wholesale locations — roughly a 14% increase in ARKO’s trailing twelve-month fuel volumes — and about $30 million of annualized adjusted EBITDA, according to GlobeNewswire.
For Toledo, the headline asset is the terminal itself. ARKO is acquiring two fuel terminals — in Novi, Michigan, and Toledo, Ohio — both connected to the Buckeye Pipeline system. That puts Toledo on a key pipeline-fed fuel corridor, not just on a distribution list.
The deal also brings a vehicle fleet that transports more than 80% of U.S. Petroleum Partners’ distributed fuel volumes, giving ARKO more control over how fuel actually moves from terminal to wholesale customers across Michigan, Ohio and the Great Lakes.
That Great Lakes footprint is the bigger story for northwest Ohio: a bigger wholesale network, a pipeline-connected terminal and an in-house fleet all anchored in part in Toledo. And Toledo’s fuel and refining jobs were already in the spotlight this week — more than 100 Toledo refinery workers rallied Tuesday to defend local jobs.
Photo: SJK / Wikimedia Commons (CC BY-SA 4.0). The photo shows a fuel terminal and is used for illustration; it is not the Toledo terminal.