ASIG completes aquisition of trade and assets of PLH Aviation Services and Dryden Air Services
31 August 2012
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.”