universal weather and aviation, inc. signs agreement to sell uvair fueling division to world fuel services
August 22, 2019
Global mission management provider, Universal Weather and Aviation, Inc., has signed a definitive agreement to sell its UVair Fueling Division to World Fuel Services.
“We didn’t achieve our 60-year track record of success and remain the industry leader in international mission support by standing pat and being satisfied with the status quo,” said Universal® Chairman Greg Evans. “We’ve always been nimble, and not afraid to make bold decisions that will allow us to adapt to changing market and better develop solutions to our customers’ future challenges.
Until the official close, there will be no changes in how Universal and the UVair Fueling Program conducts business. Upon the official closing of the sale, as part of this agreement, Universal will continue to service its trip support customers as it always has, and World Fuel Services will become the exclusive fuel provider for all missions through Universal®.
“Universal has the industry’s most comprehensive end-to-end mission management infrastructure, integrating more phases of the mission, and supporting more global trip legs, than anyone else,” said Universal Chairman, Greg Evans. “World Fuel Services has built an unparalleled, global fuel supply network. With this new agreement, our customers will continue to benefit from having Universal seamlessly manage their trips, while at the same time enjoying the advantages of World Fuel’s global fuel supply network to better support their evolving needs.”
Evans said that moving forward, Universal is committed to investing in growth areas of the company.
“We will continue to invest in our digital platforms, integrating the high-tech with the high-touch that our customers want now and in the future,” said Evans. “We will also continue to expand our global footprint, grow our global concierge network, invest in and add new catering locations as Air Culinaire Worldwide continues to thrive, and build on our recently announced joint venture with Drivania to provide our customers with a truly global transportation solution.”
The transaction is subject to customary closing conditions and is expected to be completed by the end of the year.
For more information on the announcement, including a video from Evans, visit http://www.universalweather.com/uvairWFS.