On the Record · World Kinect
World Kinect acquisitions, on the record
The businesses World Kinect bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Flyers Energy Group, LLCWord for word“including Flyers Energy Group, LLC ("Flyers"), which we acquired in January 2022, serving to further enhance our business to deliver value-added solutions to our land fuel customers.” 10-K for 2023 | acquisition | January 2022 | — |
a liquid fuel business which services business and residential customersWord for word“On October 1, 2021, we completed the acquisition of a liquid fuel business which services business and residential customers for a total purchase price of $ 41.4 million.” 10-K for 2023 | acquisition | On October 1, 2021 | $ 41.4 million |
an aviation segment acquisition (unnamed)Word for word“During the year ended December 31, 2022, we also completed an acquisition within our aviation segment.” 10-K for 2023 | acquisition | During the year ended December 31, 2022 | — |
a business (sale of business, unnamed)Word for word“The net cash used in investing activities in 2023 was primarily driven by capital expenditures of $87.6 million and cash paid for the acquisition of a business of $13.7 million, which was partially offset by proceeds received from the sale of a business of $9.3 million.” 10-K for 2023 | divestiture | 2023 | — |
a business (acquisition, unnamed)Word for word“The net cash used in investing activities in 2023 was primarily driven by capital expenditures of $87.6 million and cash paid for the acquisition of a business of $13.7 million, which was partially offset by proceeds received from the sale of a business of $9.3 million.” 10-K for 2023 | acquisition | 2023 | $13.7 million |
Avinode Group and our portfolio of aviation fixed-based operator software productsWord for word“On May 1, 2024, we completed the sale of our Avinode Group and our portfolio of aviation fixed-based operator software products (the "Avinode disposal group") for cash proceeds, net of cash sold, of $ 200.1 million (the "Avinode sale").” 10-K for 2024 | divestiture | May 1, 2024 | $ 200.1 million |
land and marine subsidiaries in BrazilWord for word“On December 13, 2024, we completed the sale of our land and marine subsidiaries in Brazil (the "Brazil disposal group") for cash proceeds, net of cash sold, of $ 8.9 million (the "Brazil sale").” 10-K for 2024 | divestiture | December 13, 2024 | $ 8.9 million |
Avinode Group and portfolio of aviation fixed-based operator software productsWord for word“For example, on May 1, 2024, we completed the sale of our Avinode Group and our portfolio of aviation fixed-based operator software products, on December 13, 2024, we completed the sale of our land and marine subsidiaries in Brazil (the "Brazil sale"), on April 9, 2025, we signed and closed on the sale of WFL (UK) Ltd., which represents our U.K. land fuels business (the "Watson Fuels sale"), and on November 5, 2025, we completed the acquisition of Universal Weather and Aviation's Trip Support Services division ("Universal TSS").” 10-K for 2025 | divestiture | May 1, 2024 | — |
Universal Weather and Aviation's Trip Support Services divisionWord for word“On November 5, 2025, we completed the acquisition of Universal TSS for a total purchase price of approximately $207.0 million.” 10-K for 2025 | acquisition | November 5, 2025 | approximately $207.0 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $430.8 million | $29 million | $173.3 million |
| 2017-12-31 | $120.7 million | $0 | $63.5 million |
| 2018-12-31 | $21.3 million | $0 | $13.4 million |
| 2019-12-31 | $0 | $30.8 million | — |
| 2020-12-31 | $128.6 million | $259.6 million | $79.1 million |
| 2021-12-31 | $37.1 million | $25 million | $7.5 million |
| 2022-12-31 | $643.9 million | $0 | $388.7 million |
| 2023-12-31 | $13.7 million | $9.3 million | $3.1 million |
| 2024-12-31 | $40 million | — | $17.5 million |
| 2025-12-31 | $153.6 million | — | $81.3 million |
Deal filings since 2016
- 2025-11-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-06-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-04-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-01-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-10-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-07-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-10-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from World Kinect’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.