World Fuel Services Corporation to acquire UVair Fuel Business of Universal Weather and Aviation for $170m.

World Fuel Services Corporation, a global energy management company, agreed to acquire UVair Fuel Business of Universal Weather and Aviation, a general aviation company, for $170m. UVair, headquartered in Houston, Texas, serves business and general aviation customers at more than 5k locations worldwide. “We are excited to announce this strategic acquisition, which will further enhance our global business and general aviation fuel platform,” stated Michael J. Kasbar, chairman and chief executive officer of World Fuel Services Corporation. “We look forward to welcoming UVair’s fuel customers and providing them and Universal’s international trip planning customers with access to our best-in-class global fuel supply network.”