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Before launching his new company, Shepherd started Ace Investment Group, L.L.C. in 2003. The firm focuses on buying properties in Detroit and is now among the city’s largest black-owned apartment operators with more than 1,000 units. Both of Shepherd’s businesses are housed in a 13,000-square-foot building he owns in Detroit. Moses says he also decided to start ACE Petroleum because the real estate business is now self-sufficient and run by an experienced, capable staff. He says ACE Petroleum has a deal with a well-respected automotive transport company. Shepherd lists brands like Budget, Hertz, UPS, and FedEx as potential clients. Others may include local and state municipalities. And, of course, he hopes to work with well-known Motor City powerhouses like General Motors, Ford, and Fiat Chrysler. On the investment front, Shepherd plans to buy over 1 million gallons of fuel monthly after his company builds up sales momentum, something he figures will take about six to eight months with strong marketing and aggressive sales. Unlike other fuel suppliers, Shepherd does not plan to acquire a fleet of trucks or invest in bulk storage fuel tanks. Instead, he plans to use so-called delivery agents to make actual deliveries to clients.
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