FT Partners Advises World Fuel on its $137mm Acquisition of Multi Service Corporation
Overview of Transaction
- On December 17, 2012, World Fuel Services ("World Fuel" or the "Company"; NYSE:INT) announced its $137mm acquisition of select assets of Multi Service Corporation ("Multi Service")
- World Fuel, a fuel logistics company, engages in marketing, selling and distributing aviation, marine and land fuel products and related services worldwide
- Multi Service is a global transaction management company specializing in fleet, government and commercial payment programs primarily through closed-loop networks
- World Fuel will finance the transaction principally through existing bank credit facilities
- Achieves highly-attractive outcome for both World Fuel and Multi Service
- World Fuel able to benefit from Multi Service's technology-enabled fuel card / corporate payments platform and other commercial services and solutions
- Multi Service able to combine with a globally-recognized partner in the fuel industry in order to grow and expand
- FT Partners served as exclusive strategic and financial advisor to World Fuel
- FT Partners leveraged its deep industry expertise to provide critical advisory services throughout the transaction
- FT Partners' second fuel card-related transaction of the year and thirteenth payments processing transaction highlights its continued history of success as a trusted advisor within the financial technology sector