Bunker’s Group, a Mexican marine oil distributor, has received a minority equity investment of undisclosed amount from Alta Growth Capital.
Bunker’s intends to use the proceeds to increase its installed capacity and consolidate its position in the underserved marine oil market in Mexico.
As stated by Bunker’s CEO Luis Medina, Alta’s investment will allow the company to install additional infrastructure needed to meet increasing demand by international clients.
Founded by Ricardo Ruiz, Emilio Martinez and Medina, the company began in 1993 when PEMEX granted it a license to buy/sell and distribute marine oil in Mexico. Bunker’s operates from fixed terminals and refueling vessels in all major Mexican ports.