M&A Deal Summary

World Kinect Acquires Universal Weather and Aviation - UVair® Fuel Business

On August 22, 2019, World Kinect acquired energy services and equipment company Universal Weather and Aviation - UVair® Fuel Business from Universal Weather and Aviation for 170M USD

Acquisition Highlights
  • This is World Kinect’s 4th transaction in the Energy Services and Equipment sector.
  • This is World Kinect’s 3rd largest (disclosed) transaction.
  • This is World Kinect’s 11th transaction in the United States.
  • This is World Kinect’s 2nd transaction in Texas.

M&A Deal Summary

Date 2019-08-22
Target Universal Weather and Aviation - UVair® Fuel Business
Sector Energy Services and Equipment
Buyer(s) World Kinect
Sellers(s) Universal Weather and Aviation
Deal Type Divestiture
Deal Value 170M USD

Target

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.

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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 15 of 16
Sector (Energy Services and Equipment) 4 of 4
Type (Divestiture) 4 of 4
State (Texas) 2 of 2
Country (United States) 11 of 12
Year (2019) 1 of 1
Size (of disclosed) 3 of 7
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
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

Seller(S) 1

SELLER

Universal Weather and Aviation

Houston, Texas, United States

Category Company
Sector Business Services
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-11 Air Culinaire Worldwide

Columbus, Ohio, United States

Air Culinaire International, and CaterLink Worldwide. As the largest private aviation caterer, we are dedicated to providing innovative catering solutions for charter operators, corporate flight departments, fractional operators, flight attendants, international flight management companies and FBO's.

Buy -