Acquiring Company
World Fuel Services Corporation
Acquired Company
Flyers Energy Group
Description
World Fuel Services Corporation (NYSE: INT) today announced that a wholly-owned subsidiary of the company has signed a definitive agreement to acquire Flyers Energy Group (“Flyers”) from the Dwelle family, who have been engaged in the petroleum marketing industry for more than 40 years. The total purchase price for the acquisition will be approximately $775 million, of which $675 million will be paid at closing, consisting of cash and at the company’s option, up to $50 million of World Fuel Services common stock. The remaining $100 million will be paid in equal installments over the two years following completion of the transaction. The transaction will be principally funded with cash-on-hand with the balance drawn from the company’s revolving credit facility.
Who to call at World Fuel Services Corporation, and when
When World Fuel Services Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day World Fuel Services Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at World Fuel Services Corporation, from your own LinkedIn network
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Fundz sees it the moment World Fuel Services Corporation makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Flyers Energy Group?
Flyers Energy Group was acquired by World Fuel Services Corporation. The deal was reported on October 28, 2021. World Fuel Services Corporation is privately held and operates in Sustainability.
When did World Fuel Services Corporation acquire Flyers Energy Group?
World Fuel Services Corporation's acquisition of Flyers Energy Group was reported on October 28, 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Flyers Energy Group do?
Flyers Energy is the right partner for your business, fleet fueling or home heating needs. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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