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Over the years Midwest Petroleum has
acquired several smaller companies including the real property
owned by these firms. During the 1970’s, with deteriorating fuel
prices and independent dealer’s market shares falling to larger
branded oil companies, Midwest started to make the transition
from wholesale distributor to convenience store operator. One of
the companies which had been acquired during this period was
Bolch Oil. By using the existing Midwest locations and the new
Bolch Oil properties, Midwest began to rapidly expand
operations. As a result of the rapid expansion and devastating
market conditions of the late 70’s early 80’s, Midwest faced
serious financial problems. As a result Midwest was forced to
seek protection under Chapter 11.
After a short reorganization period Midwest Petroleum turned
into a success story, and the company has never looked back.
Midwest was able to offer vendors 100% payback on the dollar,
and were able to make dramatic improvements in operational
efficiencies. Every year since 1993 Midwest Petroleum has shown
strong and consistent profits. Starting in 2002 Midwest has been
featured as one of Saint Louis’s Top 150 Privately held
companies according to the Saint Louis Business Journal. The
ongoing philosophy at Midwest has been one of slow and steady
growth. Midwest has looked to remodel or acquire 2 to 5 stores a
year. This business model has held true and lead to the
company’s success for the last 12 years.
Midwest Petroleum sells ConocoPhillips branded
gasoline at its various convenience store locations. Midwest
employees nearly 500 employees and is continuously looking for
ways to improve operations and the environment Midwest operates
in. This message has been reinforced by the Mission Statement:
“Be the Leader by developing and retaining quality employees,
providing the very best service.”
In 2004 Midwest embarked on a new corporate wide philosophy
which is highlighted in the above mission. A renewed commitment
focused on respect, leadership, integrity, communication,
organization, and development of employees along with improved
standards company wide are reflected in the day to day
activities. By using these principles as a basis Midwest will be
able to grow and improve in an ever changing environment. Midwest Petroleum is an active participant in the Missouri
Petroleum Marketers and Convenience Store Association (MPCA),
Illinois Petroleum Marketer Association (IPMA), the Petroleum
Marketer Association of America (PMAA), and the National
Association of Convenience Stores (NACS). The company is owned
equally by Bernard S. Levin and Donald W. McNutt. |