Desert Fuels, Inc. Is Honored Among New Mexico’s Top 100 Private Companies
Desert Fuels, Inc. was recognized in November as one of the top Private Companies in New Mexico, ranking #12 in the coveted NM Private 100 list that is sponsored by Bank of America, Merrill Lynch, Moss Adams LLP, the Modrall Sperling law firm and the Albuquerque Journal Business Outlook. With headquarters in Albuquerque, Desert Fuels was already one of the fastest growing companies in the state of New Mexico, and now joins the ranks of some of the largest revenue companies in the state.
“The one hundred companies that were honored represent a combined $3.9 billion in annual revenue and more than 10,027 jobs around the state,” noted the Albuquerque Business Journal.
“The success of our community depends upon the vitality of our private-business sector. These are the people that support the well-being of our community,” said Lynne Slade with Modrall Sperling (published November, 17 2014, Business Outlook).
The Journal recognized Desert Fuels as a company that is revolutionizing the wholesale fuel industry in six U.S. states. J.J. Mancini started Desert Fuels in 2010 with just a handful of wholesale fuel clients. The company now owns ten fueling stations in the Albuquerque area and sells gasoline, diesel, ethanol, and biodiesel to over 400 wholesale customers from California to Michigan.
“The company has grown on average of 50 percent annually, despite being in a highly competitive market”, said Mancini, “The technology we have added, along with an amazing team, and the kind of service we offer, has really set us apart.”
Desert Fuels attributes the success to the many customers they serve, some of whom include freight companies, truck stops, bus companies, oil rigs, municipalities, and convenience stores.
At the National Association of Convenience Stores (NACS) conference last year in Atlanta, Desert Fuels introduced “PowerFuel,” a first-of-its-kind smartphone app that redefines how wholesale fuel is bought and sold.
- Learn about the New Mexico Private 100 Companies.