M&A Deal Summary

World Kinect Acquires Western Petroleum

On October 1, 2010, World Kinect acquired oil/gas exploration company Western Petroleum for 95M USD

Acquisition Highlights
  • This is World Kinect’s 4th transaction in the Oil/Gas Exploration sector.
  • This is World Kinect’s 5th largest (disclosed) transaction.
  • This is World Kinect’s 3rd transaction in the United States.
  • This is World Kinect’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2010-10-01
Target Western Petroleum
Sector Oil/Gas Exploration
Buyer(s) World Kinect
Deal Type Add-on Acquisition
Deal Value 95M USD

Target

Western Petroleum

Eden Praire, Minnesota, United States
Western Petroleum Co. with 2009 volumes of more than 500 million gallons of gasoline and diesel fuel and approximately 100 million gallons of branded aviation fuel. Western Petroleum Co.is independently owned petroleum marketing companies.

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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 4 of 16
Sector (Oil/Gas Exploration) 4 of 8
Type (Add-on Acquisition) 3 of 12
State (Minnesota) 1 of 1
Country (United States) 3 of 12
Year (2010) 2 of 2
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 Lakeside Oil

Milwaukee, Wisconsin, United States

Lakeside Oil Co., Inc. with 2009 volume of approximately 350 million gallons, distributes gasoline and diesel fuel under long-term contracts to more than 250 retail operators in Wisconsin and Minnesota and is also a supplier to industrial, commercial and government customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Hiller Group

Tampa, Florida, United States

Hiller Group Inc. engages in the general aviation fuel distribution business. Hiller Group supplier of aviation fuel to fixed base operators and corporate flight departments. Company also provide a full range of support services such as marketing, tailored business solutions, freight expertise and credit card processing.

Buy -
Mergr

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