Announced

World Kinect Corporation to acquire Trip Support Services business of Universal Weather and Aviation for $220m.

Synopsis

World Kinect Corporation, a global energy management company offering fulfillment and related services to customers across the aviation, marine, and land-based transportation sectors, agreed to acquire Trip Support Services business of Universal Weather and Aviation, a company providing trip support services with deep expertise in international travel regulations, logistics, and supply chain management, for $220m. “This strategic move complements our fuel business and enhances our ability to deliver comprehensive flight operations support — including flight planning, overflight permits, and ground support services — agreed to acquiremore than 3,000 airports worldwide. We look forward to welcoming Universal’s team and believe this acquisition will bring immediate value to our customers while positioning us for continued success," John P. Rau, World Kinect Corporation COO.

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