UVair-WFS Resource Center

Universal Enters Agreement to Sell UVair Fueling Division to World Fuel Services (NYSE: INT)

Dear Clients, Partners and Friends,

For the last 60 years, Universal has remained the industry leader in international mission support, by remaining nimble, not resting on our past successes, and always adapting to the ever-changing needs, of our industry and customers.

Today, I’m pleased to announce that Universal has officially signed an agreement to sell our Contract Fuel Division, UVair, to World Fuel Services.

Why did we do it?

Universal has the most comprehensive, end-to-end mission management infrastructure in our industry. We integrate more phases of the mission, and we support more global trip legs, than anyone else. World Fuel Services has the strongest supply network and volume buying power, when it comes to fuel. With this new agreement, we’re combining our respective strengths to better support our customers and their evolving fuel needs.

Upon the close of this transaction, World Fuel Services will become the fuel provider for all missions managed by Universal. Our customers will continue to benefit from having all of their fuel arrangements, managed seamlessly, in conjunction with their Universal trips, while at the same time enjoying the benefits that World Fuel Services brings for fuel.

This sale of the UVair Fueling Division will enable us to continue to invest and grow – in Trip Support Services; in technology for our customers; in new and existing FBO ground services locations around the world; in our Air Culinaire Worldwide catering network; in our ground transportation division, which has just doubled in size with our new joint venture partner, Drivania; and in new areas where we will touch our customers tomorrow through our continually-expanding Global Footprint!

I also want to address the 800-pound gorilla in the room: “Is Universal for sale?” The answer, is NO! I have no plans to sell Universal. Quite the opposite.

I love this company. I love our people. I love our customers. And I love what we’re building – together!

I’m proud of what my father founded 60 years ago in 1959, and I fully intend on guiding Universal into its third generation of Evans’ family ownership in the future. I believe we’ve just begun to scratch the surface of where we’re going as an organization.

Remember, we didn’t get to where we are today by living the status quo…and the greatest risk of all, is doing nothing at all. We have always been visionaries and pioneers, and that is NOT going to change now!

Thank you all for being a part of this amazing journey, and for allowing us to support your critical missions now and in the years to come.

Together, we are truly Moving Organizations that Move the World every day.

I look forward to seeing you soon.

Thank you.

Greg Evans
Chairman
Universal Weather and Aviation, Inc.

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Louis Smyth
Senior Manager
Digital Content & Communications
lsmyth@univ-wea.com