Riiser Fuels acquires Baltus Oil convenience stores
For Hub City Times
MARSHFIELD – Riiser Fuels Holdings, LLC, announced on Nov. 14 that they have purchased eight Baltus Oil Company convenience stores.
Baltus Oil Company dates back to 1927, when it began as a single gas station. Over the years the company grew to eight convenience stores and a wholesale fuel distribution business and heating oil.
John Baltus and his brothers became third generation marketers when they joined their father Vern in the business in the eighties. John became president of Baltus Oil in 1993. He said the changes he has seen since starting in the business have been amazing.
“Today’s convenience store owner has many more challenges than when he started and one must be constantly working to grow and improve their business,” he said.
He said that this was one of the reasons he decided to exit the retail business, which would allow him more time to focus on the fuel side of the petroleum business going forward.
John is a past chairman of the Wisconsin Petroleum Marketers & Convenience Store Association and presently serves as the Wisconsin director of The Petroleum Marketers Association of America board of directors. He remains in the fuel distribution business.
Riiser Fuels Holding is based in Wausau and over the last 18 months has grown to a total of 67 stores in Wisconsin.