World Fuel Services - M&A Summary and Business Overview

Energy Services And EquipmentCompany

World Fuel Services M&A Summary

World Fuel Services has acquired 16 companies, including 2 in the last 5 years. It has also divested 1 asset.

World Fuel Services’ largest acquisition to date was in 2021, when it acquired Flyers Energy for $775M. It’s largest disclosed sale occurred in 2020, when it sold Multi Service Technology Solutions to Corsair Capital for $350M. World Fuel Services has acquired in 10 different US states, and 3 countries. The Company’s most targeted sectors include oil/gas exploration (50%) and energy services and equipment (25%).

World Fuel Services Business Overview

Where is World Fuel Services headquartered?

World Fuel Services is headquartered in Miami, Florida.

What is World Fuel Services’ revenue?

World Fuel Services disclosed revenue of 59,043M USD for 2022 and 31,337M USD for 2021.

How many employees does World Fuel Services have?

World Fuel Services has 4,300 employees.

What sector is World Fuel Services in?

World Fuel Services is an energy services and equipment company.

When was World Fuel Services founded?

World Fuel Services was founded in 1984.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity16
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 5
  • M&A Advisors 5

World Fuel Services

World Fuel Services Corp.

9800 Northwest 41st Street, Suite 400,
Miami, Florida 33178
United States,
(305) 428-8000
www.wfscorp.com

World Fuel Services is a provider of downstream marketing and financing of aviation, marine, and ground transportation fuel products and related services. World Fuel Services was founded in 1984 and is based in Miami, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 15 - 1 - - - 16
vol $751M $775M $1.5B
Sell (0.2/yr) # - 1 - - - - 1
vol $350M $350M
  17

Most Recent M&A

Company Date Value Type
Flyers Energy LLC 2021-10-28 775M USD Add-on Acquisition
Auburn, California · www.nellaoil.com
Multi Service Technology Solutions, Inc. (MSTS) 2020-07-30 350M USD Divestiture
Overland Park, Kansas · www.msts.com
Universal Weather and Aviation, Inc. - UVair® Fuel Business 2019-08-22 170M USD Divestiture
Houston, Texas
Associated Petroleum Products, Inc. 2016-06-23 - Add-on Acquisition
Tacoma, Washington · www.associatedpetroleum.com
PAPCO, Inc. 2016-06-23 - Add-on Acquisition
Virginia Beach, Virginia · www.papco.com
Colt International, LLC 2014-07-30 63M USD Add-on Acquisition
Webster, Texas · www.coltinternational.com
Watson Petroleum Ltd. 2014-01-06 191M USD Add-on Acquisition
Chippenham, United Kingdom · www.watsonfuels.co.uk
Multi Service Technology Solutions, Inc. (MSTS) 2012-12-17 137M USD Add-on Acquisition
Overland Park, Kansas · www.msts.com
CarterEnergy Corp. - Wholesale Motor Fuel Distribution Business 2012-08-06 - Divestiture
Overland Park, Kansas
Yacht Fuel Services Ltd. 2011-06-27 - Divestiture
London, United Kingdom · www.yachtfuel.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
PAPCO, Inc. 2016-06-23 PAPCO, Inc. - Propane Business 2019-06-27 1
Virginia Beach, Virginia · www.papco.com Virginia Beach, Virginia

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 8 (50%) 381M (25%) - -
Energy Services and Equipment 4 (25%) 233M (15%) - -
Distribution 2 (13%) 775M (51%) - -
Information Technology 1 (6%) 137M (9%) 1 (100%) 350M (100%)
Marine 1 (6%) - - -
Total 16 $1.5B 1 $350M

By Geo

State/Country Buy Value Sell Value
United States 12 1.2B 1 350M
  Kansas 2 137M 1 350M
  Texas 2 233M - -
  Wisconsin 1 - - -
  Washington 1 - - -
  Virginia 1 - - -
  New York 1 - - -
  Minnesota 1 95M - -
  Florida 1 - - -
  California 1 775M - -
United Kingdom 3 191M - -
Denmark 1 95M - -
Domestic 12 (75%) 1.2B (81%) 1 (100%) 350M (100%)
Cross-border 4 (25%) 286M (19%) - -
Total 16 $1.5B 1 $350M

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
 1
BofA Securities
 1
Legal Deals
Kirkland & Ellis
 1
Norton Rose Fulbright
 1
Cravath, Swaine & Moore LLP
 1

Deal Values

buy # Total
$100M to $1B 4 $1.3B
< $100M 3 $253M
TOTAL $1.5B
Largest Flyers Energy LLC
$775M (2021-10-28)
sell # Total
$100M to $1B 1 $350M
TOTAL $350M
Largest Multi Service Technology Solutions, Inc. (MSTS)
$350M (2020-07-30)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
4 (25%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

59,043   89% 2022
31,337   54% 2021
20,358   45% 2020
36,819   8% 2019
39,750   18% 2018
33,696   25% 2017
27,016   12% 2016
30,380   30% 2015
43,386   5% 2014
41,561   7% 2013
38,945   2012
(millions of USD) Show More Show Less

Employees

4,300

Established

1984

Public

NYSE: INT

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