M&A Deal Summary

World Fuel Services Acquires Flyers Energy

On October 28, 2021, World Fuel Services acquired distribution company Flyers Energy for 775M USD

Acquisition Highlights
  • This is World Fuel Services’ 2nd transaction in the Distribution sector.
  • This is World Fuel Services’ largest (disclosed) transaction.
  • This is World Fuel Services’ 12th transaction in the United States.
  • This is World Fuel Services’ 1st transaction in California.

M&A Deal Summary

Date 2021-10-28
Target Flyers Energy
Sector Distribution
Buyer(s) World Fuel Services
Deal Type Add-on Acquisition
Deal Value 775M USD
Advisor(s) DCA Partners (Financial)

Target

Flyers Energy

Auburn, California, United States
website
Flyers Energy franchises the Flyers fuel brand and distributes wholesale and branded retail fuel, commercial lubricants, renewable fuels and solar power in the United States. Flyers Energy is the largest member of the Commercial Fueling Network, and is also the marketer for more than 100 Chevron, Shell, Valero, and 76 branded stations. Flyers Energy offers commercial fueling at 230,000 retail gas stations nationwide with the Flyers Fleet Card. Flyers Energy is based in Auburn, California.

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Buyer(S) 1

Buyer

World Fuel Services

Miami, Florida, United States

website


Category Company
Founded 1984
Sector Energy Services and Equipment
Employees4,300
Revenue 59.0B USD (2022)
DESCRIPTION
Entrance to World Fuel Services' headquarters in Miami, Florida.
Entrance to World Fuel Services' headquarters in Miami, Florida.

World Fuel Services is a provider of downstream marketing and financing of aviation, marine, and ground transportation fuel products and related services. World Fuel Services was founded in 1984 and is based in Miami, Florida.


DEAL STATS #
Overall 16 of 16
Sector (Distribution) 2 of 2
Type (Add-on Acquisition) 12 of 12
State (California) 1 of 1
Country (United States) 12 of 12
Year (2021) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-30 Multi Service Technology Solutions

Overland Park, Kansas, United States

Multi Service specializes in the design, implementation, and management of commercial billing and payment solutions, specifically closed-loop, net pay programs. The company work with clients to identify specific credit requirements and transaction processing concerns in order to develop operational efficiencies that can foster business growth. MSTS was formed in 1978 and is based in Overland Park, Kansas.

Sell $350M