Thu 31 Jul 2014, 11:15 GMT

World Fuel Services completes Colt International acquisition


Houston-based firm is a provider of contract fuel and international trip planning services for the aviation industry.



World Fuel Services Corporation has announced that it has completed the previously announced acquisition of Colt International, LLC.

"We are pleased to welcome the Colt team to the World Fuel Services organization," said Michael J. Kasbar, chairman and chief executive officer of World Fuel Services Corporation. "The Colt transaction, combined with the existing World Fuel business, will provide customers with the largest contract fueling network in the general aviation industry and deliver a premier global platform for international trip planning services."

Colt, headquartered in Houston, Texas, with 150 employees and 2013 revenue of approximately $400 million, is a leading provider of contract fuel and trip planning services at more than 3,000 locations worldwide.

The transaction is expected to be $0.06 to $0.09 accretive to earnings on a GAAP basis in the first twelve months. Non-GAAP accretion, which excludes amortization of acquired intangible assets of approximately $0.02 per share, is expected to be $0.08 to $0.11 in the first twelve months.


Athens cityscape. Angelicoussis Group seeks senior marine fuels desk lead in Athens  

Greek shipping group advertises senior bunker procurement role requiring 15 years' experience.

BP logo. BP seeks marine commercial manager in London to support global marine fuels business  

Role at BP Marine falls under BP's GDIST unit — part of its Trading & Shipping (T&S) division.

Hiroyuki Takumi and Wolfgang Dunger. Mitsui E&S completes factory acceptance test of Japan’s first WinGD methanol dual-fuel engine  

Engine set to be installed on the first of four vessels being built for a domestic shipowner.

mtu Series 2000 generator set. Rolls-Royce Power Systems to showcase variable-speed gensets and SCR systems at SMM 2026  

New mtu Series 2000 units claim up to 15% fuel and CO₂ savings over constant-speed alternatives.

CMA CGM Roi Arthur naming ceremony. CMA CGM names 15,000-teu methanol-powered vessel Roi Arthur  

Newbuild joins the French carrier's REX2 service connecting East Asia with the Red Sea.

Quadrise and Licella logo. Quadrise and Licella update joint development agreement to advance HTL-derived marine biofuels  

Amended deal sets a clearer testing roadmap for bio-oil-based emulsion fuels for shipping.

Clean Star vessel. Atlas Maritime takes delivery of dual-fuel LNG PCTC, secures $80,000/day charter  

The 7,000 RT car carrier has been placed on a two-year time charter at a rate Atlas calls record-breaking.

Kota Eagle ship-to-ship (STS) bunkering operation. PIL’s Kota Eagle helps Shanghai pass 2 million cbm LNG bunkering mark  

Milestone said to have been reached when boxship received 4,549 cbm of LNG from SIPG Energy’s LNG bunkering vessel.

Keel-laying ceremony for B100-compatible vessel. Pinnacle Marine lays keel for fourth B100-compatible harbour craft in Singapore newbuild programme  

Singapore operator expands its B100-compatible fleet amid strong chartering demand.

E-fuels volumes per country. Europe risks falling behind China in race to produce e-fuels for shipping  

Europe has 69 e-fuel projects but only six are operational, while China is scaling rapidly.