Dan-Bunkering CEO Claus Bulch Klausen argued the merger will provide better value to clients and suppliers. Image Credit: Dan-Bunkering
Marine fuels conglomerate Bunker Holding has merged brokerage LQM into the Dan-Bunkering brand after closing the firm's London office earlier this year.
LQM's offices in Connecticut and Texas will continue to operate as normal under the new name Dan-Bunkering (Connecticut) LLC, Dan-Bunkeringsaid in an emailed statement on Monday. LQM administration will be handled by the Dan-Bunkering office in Houston.
"Bringing two of the strongest brands together under one roof is something that we're very proud of having accomplished," Christoffer Berg Lassen, CCO of Bunker Holding, said in the statement.
"LQM has for the past six years been a strong performing entity within the Bunker Holding Group and combining the strengths of LQM to Dan-Bunkering is a move in the right direction towards a truly holistic business approach."
Bunker Holding announced the closure of LQM's London office at the start of the year and moved its CEO, Daniel Rose, to a business development role in the parent company.
"The combined skillsets from employees on both sides will put us in a position where we can add even more value to both clients and suppliers," Claus Bulch Klausen, CEO of Dan-Bunkering, said in Monday's statement.
"Being able to combine not only our skills but also consolidating our businesses under a single brand is a great opportunity for our company and sets us on the path to leveraging our growing client portfolio into providing a more diversified and better set of services.
"The result is that no matter how our clients would like their procurement to be covered, we can cater to it."