Kreos Aviation has acquired the Shell AeroCentre at Saskatoon and Regina International Airports and Lancaster Aviation Fuels.
Shell AeroCentre is a full-service, Shell Aviation-branded FBO and aviation fuel supplier located at the Saskatoon and Regina International Airports in Canada, each with 15,000ft2 (1,400ft2) of hangar space. Lancaster Aviation Fuels is an off-airport bulk fuel distributer, providing jet fuel and avgas to every corner of Saskatchewan, western Canada.
Wes Ramsay, COO at Kreos, commented, “With our steady growth, increased need for hangar space, and our expansion to Regina, these Shell AeroCentre acquisitions check all the boxes.
“We have explored many options to support our growth and the Saskatoon and Regina locations kept rising to the top. We were determined to find a business that was recognized as a leader and, more importantly, shared our values and culture. We believe this is a great fit. We are very excited to have these Shell AeroCentre locations join our family.”
“The acquisition is important as the demand for efficient and convenient air travel grows for many Saskatchewan-based businesses. This acquisition allows Kreos to have an immediate impact in the Regina market and add our services earlier than planned. By all accounts, both Shell AeroCentre locations have strong and progressive teams, which makes it easy to seize present and future opportunities,” added Ramsay.
Lyle Witkowicz, regional operations manager for Shell Aviation in the Americas, added, “We have a proud history of quality service and supply to the aviation industry in Saskatchewan. We are pleased to welcome Kreos Aviation to the Shell AeroCentre network in Canada.”
Construction of a new FBO and hangar complex at the Regina International Airport is slated for completion in July 2019.
