Fuel
World Fuel Services To Acquire UVair in $170M Deal
World Fuel Services is acquiring Universal Weather and Aviation’s UVair fuel business in a $170 million deal expected to close by year-end.
World Fuel Services has completed its purchase of the UVair aircraft fueling business from Universal Weather and Aviation. (Photo: Universal Weather and Aviation)
World Fuel Services has completed its purchase of the UVair aircraft fueling business from Universal Weather and Aviation. (Photo: Universal Weather and Aviation)

World Fuel Services is acquiring Universal Weather and Aviation’s UVair fuel business for $170 million, the companies announced today. According to World Fuel, the deal is expected to close by year-end and will be funded through cash-on-hand and liquidity available through an existing unsecured credit facility.