World Fuel Services to Acquire Ascent Aviation

World Fuel Services Corporation INT announced today that its wholly-owned subsidiary, World Fuel Services, Inc., has signed a definitive agreement to acquire Ascent Aviation Group, Inc.. Ascent, based in Parish, New York, supplies aviation fuel and deicing fluid to more than 450 airports and fixed base operators throughout North America. Ascent is a national branded reseller of aviation fuel for ConocoPhillips and is the exclusive third-party distributor of deicing fluids for Dow in the United States. The transaction, which is expected to be $0.03 to $0.05 accretive to earnings in the first twelve months, is subject to customary closing conditions and is expected to be completed within 30 days.