World Kinect Corporation to Acquire Universal Weather and Aviation's Trip Support Services Business

(NYSE:WKC) MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) today announced that a wholly owned subsidiary of the company has signed a definitive agreement with Universal Weather and Aviation to acquire their Trip Support Services (TSS) division. The total purchase price is approximately $220 million, consisting of $160 million of cash payable at closing and $60 million payable over four years. Universal Weather, headquartered in Houston, Texas, is a pioneer in trip support services with deep