M&A Deal Summary

World Fuel Services Acquires PAPCO

On June 23, 2016, World Fuel Services acquired energy services and equipment company PAPCO

Acquisition Highlights
  • This is World Fuel Services’ 3rd transaction in the Energy Services and Equipment sector.
  • This is World Fuel Services’ 10th transaction in the United States.
  • This is World Fuel Services’ 1st transaction in Virginia.

M&A Deal Summary

Date 2016-06-23
Target PAPCO
Sector Energy Services and Equipment
Buyer(s) World Fuel Services
Deal Type Add-on Acquisition

Target

PAPCO

Virginia Beach, Virginia, United States
website
PAPCO, Inc. is a provider of fuel, price-risk management products, and fleet card solutions to retail, commercial and industrial customers throughout the Mid-Atlantic region of the United States.

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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 14 of 16
Sector (Energy Services and Equipment) 3 of 4
Type (Add-on Acquisition) 11 of 12
State (Virginia) 1 of 1
Country (United States) 10 of 12
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 Associated Petroleum Products

Tacoma, Washington, United States

Associated Petroleum Products, Inc. is a provider of fuel and related services to agricultural, automotive, construction, and commercial and industrial customers in the Pacific Northwest.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 Universal Weather and Aviation - UVair® Fuel Business

Houston, Texas, United States

Universal Weather and Aviation, Inc. - UVair® Fuel Business provides fuel supply to its customers.

Buy $170M