World Fuel Services CorporationNYSE
Thu, Jun. 23, 8:19 AM
- World Fuel Services (NYSE:INT) agrees to acquire two U.S. distributors of gasoline, diesel, lubricants, propane and related services for a combined ~$230M.
- PAPCO is a Mid-Atlantic distributor that earned $1B in revenue during 2015, and Associated Petroleum Products is a Pacific Northwest distributor with $600M in revenue last year.
- INT expects the deal to be $0.22-$0.26 accretive to EPS on a non-GAAP basis in the first 12 months.