World Fuel Services Corporation Acquires Flyers Energy Group

Brookfield Asset Management to Acquire World Freight Company (WFC) for ~$1.2 Billion

May 15, 2026

Logistics & Distribution

Brookfield Asset Management (through its private equity business) has agreed to acquire World Freight Company (WFC), a global air cargo general sales and service agent (GSSA), for an enterprise value of approximately $1.2 billion. The sellers, PAI Partners and EQT, are exiting their investment after supporting WFC’s transformation via organic growth, 20 acquisitions, and technology/digital expansion. The transaction is expected to close by the end of 2026.

New Era Energy Acquires Commercial Fuel Solutions Limited

November 13, 2024

Energy

New Era Energy has acquired Commercial Fuel Solutions (CFS) Limited, a UK-based designer, manufacturer and distributor of fuel storage/transfer systems and the country's largest independent AdBlue supplier. The acquisition adds CFS's hydrogen refuelling and low-carbon AdBlue expertise to New Era's nationwide fuels and lubricants distribution network, expanding product capability and strengthening the combined company's sustainability offering.

Flyers Energy Acquires Quick Fuel from Jacobus Energy

October 29, 2021

Energy

Auburn, California-based Flyers Energy, LLC has acquired Quick Fuel — the automated, cardlock fuel-sites business previously owned by Jacobus Energy, Inc. The deal transfers 49 fuel sites across 15 states to Flyers (which will continue to operate the sites under the Quick Fuel brand); DCA Partners served as Flyers' buy-side financial advisor.

Flyers Energy Acquires Fleet Express Commercial Fueling from Mansfield Energy

February 9, 2021

Energy

Flyers Energy, LLC acquired Fleet Express Commercial Fueling, a division of Mansfield Energy Corp, expanding Flyers' unattended cardlock fueling network in and around Dayton, Ohio. The acquired sites will operate under Flyers' Quick Fuel brand; DCA Partners served as Flyers' M&A advisor on the transaction.

Lynx FBO Network (The Sterling Group) Acquires Fort Lauderdale FBO from World Jet, Inc.

February 4, 2019

Transportation

Lynx FBO Network, a portfolio company of The Sterling Group, acquired the FBO assets of World Jet, Inc. at Fort Lauderdale Executive Airport (FXE) in Fort Lauderdale, Florida. Lynx — backed by The Sterling Group — plans significant investments including facility refreshes and development of a new FBO terminal as part of its South Florida expansion.

World Fuel Services Corporation Acquires PAPCO, Inc. and Associated Petroleum Products, Inc.

July 5, 2016

Oil & Gas

World Fuel Services Corporation completed the acquisitions of PAPCO, Inc. (Virginia Beach, VA) and Associated Petroleum Products, Inc. (Tacoma, WA). The acquisitions expand World Fuel's commercial and industrial fuel distribution capabilities and regional footprint across the United States, adding significant revenue and employee bases to its land segment operations.