ASIG Acquires the Assets of Skytanking USA

ASIG fuelingThe aviation support services provider, ASIG, has announces that it has agreed to acquire the assets of Skytanking USA, Inc, an independent provider of aviation fuel services.
Skytanking USA has more than 350 employees and owns more than 800 pieces of refuelling related assets.  The company, which is headquartered in South Florida, has operations at 14 US airports, six of which represent new markets for ASIG.  Skytanking USA provides commercial aircraft refuelling and jet fuel facility maintenance.  It also provides fuel facility maintenance and inspections for the US military at 47 installations; a new addition to ASIG’s fuel services portfolio.
Under the terms of the agreement, ASIG will divest four operations in Germany and Austria to Skytanking Holding GmbH of which Skytanking USA is a subsidiary.  The acquisition of assets should be completed in March subject to customary transaction approvals.
Tony Lefebvre, ASIG’s President and Chief Operating Officer, stated: “This acquisition represents a strategic expansion of our core fuel business in the United States.  Skytanking USA, which began operations in 2003, has created a strong customer base by leveraging their expertise in aviation fuel services.  We look forward to having them join the ASIG team as we continue to expand our global operations.”