M&A Deal Summary

World Kinect Acquires Ascent Aviation Group

On April 4, 2011, World Kinect acquired oil/gas exploration company Ascent Aviation Group

Acquisition Highlights
  • This is World Kinect’s 7th transaction in the Oil/Gas Exploration sector.
  • This is World Kinect’s 5th transaction in the United States.
  • This is World Kinect’s 1st transaction in New York.

M&A Deal Summary

Date 2011-04-04
Target Ascent Aviation Group
Sector Oil/Gas Exploration
Buyer(s) World Kinect
Deal Type Add-on Acquisition

Target

Ascent Aviation Group

Parish, New York, United States
Ascent Aviation Group, Inc. is a distributor of aviation fuel and deicing fluids.

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Buyer(S) 1

Buyer

World Kinect

Miami, Florida, United States

Category Company
Founded 1984
Sector Energy Services and Equipment
Employees5,289
Revenue 47.7B USD (2023)
DESCRIPTION
Entrance to World Fuel Services' headquarters in Miami, Florida.
Entrance to World Fuel Services' headquarters in Miami, Florida.

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.


DEAL STATS #
Overall 7 of 16
Sector (Oil/Gas Exploration) 7 of 8
Type (Add-on Acquisition) 6 of 12
State (New York) 1 of 1
Country (United States) 5 of 12
Year (2011) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-02 Nordic Camp Supply ApS

Norresundby, Denmark

Nordic Camp Supply ApS is a full-service supplier of aviation, gasoline and diesel fuels and related logistics solutions supporting NATO, US and other European armed forces operations in Afghanistan.

Buy $95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-27 Yacht Fuel Services

London, United Kingdom

Yacht Fuel Services Ltd. provides supplies marine fuels.

Buy -