Saker Aviation Services Announces Growth Strategy Focused on Merger/Acquisition Activity
Company Engages Corporate Finance Associates to Drive Effort
WILKES-BARRE, Pa. and SCRANTON, Pa., May 1, 2012 /PRNewswire/ -- Saker Aviation Services, Inc. (SKAS.OB), an aviation services company specializing in ground-based services to the general aviation marketplace, announced today that the company intends to generate growth through merger/acquisition activity and has selected Corporate Finance Associates to drive that effort.
"We believe that the timing may be right in our industry and in the financial markets to resume our merger/acquisition activity," said Ronald J. Ricciardi, CEO at Saker Aviation. "Our intent will be to acquire companies that leverage our current infrastructure, both functionally and geographically, while remaining open to opportunities that may expand our capabilities."
"The leadership team at Saker Aviation understands that properly executed acquisitions can be a valuable component of an overall growth strategy," stated Joseph Contaldo, Managing Director, Corporate Finance Associates. "Matching Saker's experience with our expertise and exposure to the aviation industry can yield positive results. We are pleased to work with Mr. Ricciardi and his management team in identifying and engaging prospective targets of acquisition."
About Saker Aviation Services, Inc.
Saker Aviation Services provides Fixed Base Operations (FBO) flight support services through a growing chain of U.S. based facilities. Products include, but are not limited to, aircraft fueling, maintenance, repair and overhaul (MRO), hangar/tie-down, facility management, pilot support services, ground handling, operational consulting and other related services.
About Corporate Finance Associates
Corporate Finance Associates (CFA) is one of North America's oldest investment banking firms serving middle-market companies. With over 20 offices in North America, three in Canada, three in India and 16 affiliate offices in Europe, Asia and Latin America, CFA provides companies with a wide range of financial advisory services and access to capital resources. From project inception to completion, a Principal guides clients through every challenge, advocates on their behalf, and leverages CFA's experience and extensive resources.
SOURCE Saker Aviation Services, Inc.
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