Miami-based World Fuel Services has completed its $170 million acquisition of the UVair fuel business from Universal Weather and Aviation, the companies said today. Announced in August, the deal also makes World Fuel the exclusive contract fuel provider for Universal Weather and Aviation.
World Fuel said the deal brings several benefits to UVair customers, including World Fuel Rewards, more contract fuel locations, and adding aviation retail credit card Avcard to their portfolio. Meanwhile, FBOs can use World Fuel Network’s marketing tools and World Fuel Rewards to market their locations to an expanded audience.
As part of integrating the brands, World Fuel will be issuing a new contract card design—the World Fuel | UVair Contract card—that works just like the World Fuel Contract card, complete with rewards and global acceptance. Known as the “new black” card, it will be provided to heavy UVair Fueling card users, as well as a replacement for lost or expired UVair cards.
Universal Chairman Greg Evans said the sale of UVair allows his company to focus on growth and expanding digital offerings, the latter of which includes the uvGO digital mission management platform. “We’ve got big plans moving forward…Universal has just begun to scratch the surface of where we’re headed,” he concluded.