Grupo Ingade

What Grupo Ingade does

Grupo Ingade is a privately held, Honduras-anchored construction and infrastructure group founded in 2009 (per the company's own website) in San Pedro Sula, Cortés. The group operates through three wholly-owned subsidiaries — INGADE S. de R.L. de C.V. (the Honduras parent), INGADE USA L.L.C. (a U.S. operations entity in Belmont, North Carolina), and INGADE FUELS S. de R.L. de C.V. (a fuel commercialization subsidiary) — and serves government infrastructure clients, private-sector developers, and fuel distribution customers. Its core service lines are construction and architecture (street construction, excavation, infrastructure projects), underground utilities installation, and fuel commercialization through INGADE FUELS.

The underlying operating model is project-based services delivery with a thin direct headcount (5 employees per firmographics) augmented by a stated network of 870 contracted constructors who execute project work. The group has reportedly completed 206 projects since inception. Revenue is generated via project-based contracts (construction and utilities) and transaction-based fuel commercialization, with pricing handled through project-specific quotes rather than disclosed rates. Go-to-market is direct enterprise/field sales targeting government and private-sector clients in Honduras, with a small U.S. presence via INGADE USA L.L.C.

Strategic technology adoption is limited to operational tooling: the group lists partnerships with Dun & Bradstreet (business intelligence/credit) and SAP Ariba (procurement and supply chain). There is no evidence of proprietary technology, software products, AI/ML capabilities, patents, or external investment backing. Marketing channels are limited to organic Facebook and LinkedIn presence. Overall, Grupo Ingade is a small, founder-controlled regional construction services group with a modest fuel distribution adjunct and limited disclosed financials.

Name

Grupo Ingade

Legal name

INGADE S. de R.L. de C.V

Website

https://ingade.net

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Grupo Ingade is a privately held Honduras-based construction and infrastructure group operating through INGADE S. de R.L. de C.V., serving government and private-sector clients with construction, underground utilities, and fuel commercialization services, with a small U.S. subsidiary in North Carolina.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Underground Distribution (Cable, Duct Bank & Vault) EPC (EUAEACAB)

Keywords

• Construction services
• Underground utilities
• Fuel distribution
• Infrastructure development
• Architecture services

Headquarters

HQ city

San Pedro Sula

HQ country

Honduras

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Construction and Architecture Services: Provides construction and architecture services including street construction, excavation work, and infrastructure projects.
2. Underground Utilities: Installation and development of underground utility infrastructure.
3. Fuel Commercialization: Commercialization and distribution of fuel products through INGADE FUELS.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Grupo Ingade provides construction and architecture services (street construction, excavation, and infrastructure projects), underground utilities installation and development, and fuel commercialization through its subsidiary INGADE FUELS. The group serves government and private-sector clients across Honduras and the United States via three legal entities.

Product overview

Grupo Ingade operates as a multi-service company offering integrated solutions across three primary business lines: construction and architecture services, underground utilities infrastructure, and fuel commercialization. The company serves clients through multiple subsidiaries including INGADE S. de R.L. de C.V. (Honduras), INGADE USA L.L.C. (United States), and INGADE FUELS S. de R.L. de C.V. (fuel commercial entity). The portfolio is organized around these three core service offerings rather than a unified software platform architecture.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 206 completed projects

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Scale indicators3 records

Recent moves1 record

Expansion highlights4 records

Broad incumbents

• Skanska: Sweden-based global construction and infrastructure developer with road, civil, and utility project experience worldwide. Comparable only at the broad services-category level as a reference point for construction-industry economics.
• Quanta Services: U.S. specialty contractor focused on electric, gas, telecommunications, and underground utility infrastructure. Comparable for the underground utilities line of business Grupo Ingade offers, though Quanta operates at far greater scale and primarily in North America.
• MasTec: U.S.-based infrastructure construction firm with strong underground utility and energy services exposure. Comparable for the underground distribution and utility construction segment of Grupo Ingade's offering.
• Fluor Corporation: Global engineering, procurement, fabrication, and construction (EPC) firm with extensive infrastructure and energy project experience. Comparable only at the broad services-category level; not a direct competitor at Grupo Ingade's scale or geography.
• Puma Energy: Multinational downstream fuel company with significant Central American retail and bulk fuel distribution operations. Comparable to Grupo Ingade's INGADE FUELS subsidiary for fuel commercialization and distribution, though at vastly larger scale.
• ACS Group (Actividades de Construcción y Servicios): Spanish-headquartered global construction and infrastructure conglomerate with significant Latin American operations. Comparable at the category level as a major infrastructure contractor, but operates at vastly larger scale and scope.
• VINCI Construction: Division of VINCI group offering building, civil engineering, and infrastructure services globally. Comparable for its mix of construction and underground/infrastructure works; not a direct competitor at the small Central American municipal-project level.

Regional players

• Terpel: Colombian-headquartered fuel distribution company with operations across Latin America, including Central America. Comparable to INGADE FUELS for regional fuel commercialization, though at significantly larger scale.
• ICA (Ingenieros Civiles Asociados): One of Mexico's largest construction and infrastructure groups with extensive Latin American experience in roads, civil works, and industrial projects. Comparable as a regional infrastructure contractor serving similar Latin American end markets.
• MECO: Costa Rica-based construction and infrastructure contractor operating across Central America. Comparable as a mid-sized regional contractor with similar road, civil works, and infrastructure project exposure, though larger and more established than Grupo Ingade.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/WixEspanol
• LinkedInlinkedin.com/company/grupo-ingade

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grupo Ingade