World Kinect - M&A Summary and Business Overview

Energy Services And EquipmentCompany

World Kinect M&A Summary

World Kinect has acquired 16 companies, including 2 in the last 5 years. It has also divested 1 asset.

World Kinect’s largest acquisition to date was in 2021, when it acquired Flyers Energy for $775M. It’s largest disclosed sale occurred in 2020, when it sold Multi Service Technology Solutions to Corsair Capital for $350M. World Kinect has acquired in 10 different US states, and 3 countries. The Company’s most targeted sectors include oil/gas exploration (50%) and energy services and equipment (25%).

World Kinect Business Overview

Where is World Kinect headquartered?

World Kinect is headquartered in Miami, Florida.

What is World Kinect’s revenue?

World Kinect disclosed revenue of 47,711M USD for 2023 and 59,043M USD for 2022.

How many employees does World Kinect have?

World Kinect has 5,289 employees.

What sector is World Kinect in?

World Kinect is an energy services and equipment company.

When was World Kinect founded?

World Kinect was founded in 1984.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity16
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 5
  • M&A Advisors 5

World Kinect

World Kinect Corp.

9800 Northwest 41st Street, Suite 400,
Miami, Florida 33178
United States,
(305) 428-8000
www.worldkinect.com

World Kinect is a global energy management company offering fulfillment and related services to more than 150,000 customers across the aviation, marine, and land-based transportation sectors. The Company also supplies natural gas and power in the United States and Europe along with a growing suite of other sustainability-related products and services. World Kinect was founded in 1984 and is based in Miami, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 15 - 1 - - - 16
vol $751M $775M $1.5B
Sell (0.2/yr) # - 1 - - - - 1
vol $350M $350M
  17

Most Recent M&A

Company Date Value Type
Flyers Energy LLC 2021-10-28 775M USD Add-on Acquisition
Auburn, California · www.nellaoil.com
Multi Service Technology Solutions, Inc. (MSTS) 2020-07-30 350M USD Divestiture
Overland Park, Kansas · www.msts.com
Universal Weather and Aviation, Inc. - UVair® Fuel Business 2019-08-22 170M USD Divestiture
Houston, Texas
Associated Petroleum Products, Inc. 2016-06-23 - Add-on Acquisition
Tacoma, Washington · www.associatedpetroleum.com
PAPCO, Inc. 2016-06-23 - Add-on Acquisition
Virginia Beach, Virginia · www.papco.com
Colt International, LLC 2014-07-30 63M USD Add-on Acquisition
Webster, Texas · www.coltinternational.com
Watson Petroleum Ltd. 2014-01-06 191M USD Add-on Acquisition
Chippenham, United Kingdom · www.watsonfuels.co.uk
Multi Service Technology Solutions, Inc. (MSTS) 2012-12-17 137M USD Add-on Acquisition
Overland Park, Kansas · www.msts.com
CarterEnergy Corp. - Wholesale Motor Fuel Distribution Business 2012-08-06 - Divestiture
Overland Park, Kansas
Yacht Fuel Services Ltd. 2011-06-27 - Divestiture
London, United Kingdom · www.yachtfuel.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
PAPCO, Inc. 2016-06-23 PAPCO, Inc. - Propane Business 2019-06-27 1
Virginia Beach, Virginia · www.papco.com Virginia Beach, Virginia

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 8 (50%) 381M (25%) - -
Energy Services and Equipment 4 (25%) 233M (15%) - -
Distribution 2 (13%) 775M (51%) - -
Information Technology 1 (6%) 137M (9%) 1 (100%) 350M (100%)
Marine 1 (6%) - - -
Total 16 $1.5B 1 $350M

By Geo

State/Country Buy Value Sell Value
United States 12 1.2B 1 350M
  Kansas 2 137M 1 350M
  Texas 2 233M - -
  California 1 775M - -
  Wisconsin 1 - - -
  Washington 1 - - -
  Virginia 1 - - -
  New York 1 - - -
  Minnesota 1 95M - -
  Florida 1 - - -
United Kingdom 3 191M - -
Denmark 1 95M - -
Domestic 12 (75%) 1.2B (81%) 1 (100%) 350M (100%)
Cross-border 4 (25%) 286M (19%) - -
Total 16 $1.5B 1 $350M

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
1
BofA Securities
1
Legal Deals
Norton Rose Fulbright
1
Cravath, Swaine & Moore
1
Kirkland & Ellis
1

Deal Values

buy # Total
$100M to $1B 4 $1.3B
< $100M 3 $253M
TOTAL $1.5B
Largest Flyers Energy LLC
$775M (2021-10-28)
sell # Total
$100M to $1B 1 $350M
TOTAL $350M
Largest Multi Service Technology Solutions, Inc. (MSTS)
$350M (2020-07-30)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
4 (25%)
Divested to
Investor(s)
100%
1 (100%)

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