Orlando … ASIG®, an industry leader in aviation services, announced today that it has completed the acquisition of the trade and assets of PLH Aviation Services (“PLH”) and Dryden Air Services (“Dryden”). PLH provides commercial aircraft refueling and fuel facility maintenance and operation at 13 Canadian airports and 1 in the U.S., at Los Angeles International Airport (LAX). Dryden operates at 5 Canadian airports providing a full complement of ground support services such as ramp handling, cabin cleaning, passenger services, aircraft deicing and aircraft refueling. PLH and Dryden employ 625 trained service professionals. Following the completion of the acquisition, ASIG adds 16 new locations in Canada and enhances its market share at LAX.
Commenting on the agreement, Keith P. Ryan, President, said, “Acquiring the assets of PLH and Dryden strategically broadens ASIG’s footprint into the attractive Canadian market. Both companies are very well managed and are recognized as industry leaders in their respective markets. Additionally, their commitment to safety and service excellence closely mirrors ASIG’s core business values. With this in mind, the combination of our organizations will further strengthen our position as the industry’s largest independent provider of commercial aviation fuel services.”
Wade Morrell, President and CEO of Dryden Air Services speaking on behalf of the management and over 600 team members of both PLH and Dryden remarked that, “The successful completion of this transaction represents a momentous turning point in the evolution of our growing airline service company. For nearly 25 years, PLH and Dryden have served the Canadian airport services market reliably, garnering an unequalled reputation for providing safe and efficient aircraft refueling and ground handling services to nearly every major airline operating to and from Canada today. We are excited to join ASIG, a leader in our industry with a commitment to safety and reliability which closely parallels our business philosophy. We look forward to uniting our companies to further strengthen our commitment to our loyal airline partner base.”
Note to Editors:
ASIG is a global provider of ground, fuel and airport facility services to airlines, airports, oil companies and industry partners. The company's 8,000 highly qualified aviation service professionals safely handle millions of flights annually. ASIG offers flexible, comprehensive service solutions that deliver value and quality across a network of 84 airports in North America, Central America, Europe and Asia.
ASIG is part of BBA Aviation plc a leading global aviation support and aftermarket services provider with market leading businesses and attractive growth opportunities. BBA Aviation's Flight Support businesses (ASIG and Signature Flight Support) are focused on refueling and ground handling of business and commercial aviation aircraft. Its Aftermarket Services and Systems businesses (Dallas Airmotive, Premier Turbines, H+S Aviation, International Turbine Service, Barrett Turbine Engine Company, Ontic and APPH) are focused on the repair and overhaul of jet engines and the manufacture and services of aerospace sub-systems and components. For more information, please visit www.bbaaviation.com.
The Company from time to time may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking information are estimates of the Company's management and are subject to the various risks and uncertainties that are beyond the Company's control and may cause results to differ from management expectations.