M&A Deal Summary

World Kinect Acquires Flyers Energy

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

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

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

Target

Flyers Energy

Auburn, California, United States
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 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 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
Mergr

Product

Company

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