BNET Industries

Midwest Petroleum Co.

is in the Auto Industry

Last Fiscal Year Sales:$100.0M
  • Private
  • US
Dow Jones Description

Midwest Petroleum Corporation was founded in 1946 by Mr. & Mrs. Louis Levin. Since 1946 Midwest Petroleum has functioned without interruption, first as a wholesale distributor of gasoline and fuel products, and now as a convenience store operator. Midwest currently operates over 50 stores located in Missouri and Illinois area, and services multiple dealer locations. The corporate headquarters is located in Saint Louis City at 6760 Southwest Ave. 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. ...

President, Chief Executive Officer
Donald W. McNutt
Number of Employees 65
Contact Information

6760 SW Ave

Saint Louis, Missouri 63143-2624

www.midwestpetr...

(314) 647-5550

NAICS Code Gasoline Stations with Convenience Stores: 447110

News & Analysis

midwest petroleum co. - All News and Analysis

Decision Makers

Name (plus bio) Position
Donald W. McNutt President, Chief Executive Officer
Walter Vance Chief Operating Officer
Mike McNutt Vice President

Don has been in the convenience store industry since 1971. He began his career by leasing his first location at the age of 19. After successfully owning and operating multiple convenience store locations and creating a profitable movie rental business Don accepted the position of General Manager for Midwest Petroleum in 1988. He progressed with Midwest Petroleum to become President in 1993. Midwest Petroleum has shown strong and consistent profitability since 1993. Don is a past President of the Missouri Petroleum Marketers and Convenience Store Association. The Governor of Missouri appointed him to the Board of Trustees for the Missouri Petroleum Storage Tank and Insurance Fund. Don is also a member of the Petroleum Marketer Association of America, Illinois Petroleum Marketer Association, and the Saint Louis Oilmen's Club.

Organization Position Status
Midwest Petroleum Co. President, Chief Executive Officer Current
Midwest Petroleum Co. Manager Current

Organization Position Status
Midwest Petroleum Co. Chief Operating Officer Current
Midwest Petroleum Co. Vice President of Administration Former
Campbell University MBA Former

Organization Position Status
Midwest Petroleum Co. Vice President Current