World Kinect Corporation has announced a definitive agreement to acquire Universal Weather's Trip Support Services division for $220 million, enhancing its aviation service offerings.

Information on the Target

Universal Weather and Aviation, headquartered in Houston, Texas, is a recognized leader in trip support services with extensive expertise in navigating international travel regulations, logistics, and supply chain management. The company caters to a global clientele, including both business and general aviation customers, providing critical support for flying operations.

Their Trip Support Services (TSS) division specializes in facilitating various aspects of aviation travel, including flight planning, obtaining overflight permits, and offering ground support services. This acquisition will enable World Kinect Corporation to enhance its existing offerings in the aviation market.

Industry Overview

The aviation industry in the United States is a vital component of the economy, contributing significantly to job creation and facilitating global commerce. It h