Besides its coal distribution business, the company also distributes natural gas and propane.

According to GlobeNewswire, Universal president Vince Guest said the company had managed to grow a solid business with $71.74 million in revenue in 2011.

He said the company had enjoyed strong revenue growth over the past few years.

“We anticipate sustained growth at a very rapid rate by taking advantage of the growing opportunities in the energy market, expanding our customer base and greater expansion into sales of propane, natural gas power generation, thermal coal, oil, refined energy products and electric power,” Guest said.

“We believe the company can achieve improved returns on invested capital, higher operating margins and that profitability should be forthcoming in the forthcoming quarters.”