M&A Deal Summary

World Kinect Acquires CarterEnergy - Wholesale Motor Fuel Distribution Business

On August 6, 2012, World Kinect acquired distribution company CarterEnergy - Wholesale Motor Fuel Distribution Business from CarterEnergy

Acquisition Highlights
  • This is World Kinect’s 1st transaction in the Distribution sector.
  • This is World Kinect’s 6th transaction in the United States.
  • This is World Kinect’s 1st transaction in Kansas.

M&A Deal Summary

Date 2012-08-06
Target CarterEnergy - Wholesale Motor Fuel Distribution Business
Sector Distribution
Buyer(s) World Kinect
Sellers(s) CarterEnergy
Deal Type Divestiture

Target

CarterEnergy - Wholesale Motor Fuel Distribution Business

Overland Park, Kansas, United States
CarterEnergy Corp. - Wholesale Motor Fuel Distribution Business provides fuel distribution services.

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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 9 of 16
Sector (Distribution) 1 of 2
Type (Divestiture) 3 of 4
State (Kansas) 1 of 2
Country (United States) 6 of 12
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-27 Yacht Fuel Services

London, United Kingdom

Yacht Fuel Services Ltd. provides supplies marine fuels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-17 TreviPay

Overland Park, Kansas, United States

TreviPay 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. TreviPay was formed in 1978 and is based in Overland Park, Kansas.

Buy $137M

Seller(S) 1

SELLER

CarterEnergy

Overland Park, Kansas, United States

Category Company
Founded 1960
Sector Oil/Gas Exploration
DESCRIPTION

CarterEnergy Corp.distributes gasoline and diesel fuel under long-term contracts to more than 700 retail operators and is a supplier to industrial, commercial and government customers in Kansas, Missouri, Colorado, Texas, Oklahoma, Arkansas, Nebraska, Illinois, Iowa, Wyoming, Arizona, Tennessee, New Mexico and Alabama.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1