World Fuel buying Western Petroleum

Aviation International News » October 2010
October 12, 2010, 6:31 AM

World Fuel Services has agreed to acquire Eden Prairie, Minn.-based Western Petroleum, including its branded aviation fuel distribution business, for $95 million. The $95 million purchase price could be increased by up to $20 million if Western’s net assets exceed an agreed target at completion of the deal, which is expected this month. Miami-based World Fuel Services currently provides aviation customers, including corporate aircraft operators, with fuel supply, credit and fuel-price risk management services, ground handling arrangements, overflight and landing permits, flight planning and weather information. Most of these services are provided via its Baseops division.

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