San Francisco: Bunker Holding Group has bought the brokerage LQM Petroleum Services for an undisclosed sum.
“The acquisition of LQM is a logical step in Bunker Holding’s growth strategy and brings together two family-owned businesses with similar values and a long history of working well together,” said Bunker Holding’s ceo, Keld Demant.
“LQM is an excellent fit. It diversifies Bunker Holding beyond trading, providing a pure broker solution to customers who require it and strengthens our presence in the US market for blue-chip, high-volume customers.”
LQM is one of the largest international marine fuel oil brokers handling approximately 10m metric tons a year.