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Saudi American Holdings buys Trident Aviation Industries
25 August 2007

Shipping and transportation major Saudi American Holdings has announced that it has signed an agreement with the privately held Trident Aviation Industries to acquire all its operations and assets.

Trident Aviation Industries, based in Fort Lauderdale, Florida, is a 17-year-old company that owns and operates FAA-approved aircraft, and offers maintenance, repair and overhaul (MRO) facilities for aircraft maintenance, engine maintenance, as well as component and accessory maintenance. The president and the CEO of Trident Aviation Industries will be joining the board of directors of Saudi American Holdings Corp.

Saudi American Holdings US Division vice president Brad van Siclen said his company was pleased with the acquisition and with its existing management team. "Our acquisition decision was based upon a cash flow valuation analysis. We believe there are many undervalued companies in North America and the Middle East, and we want to realise their best value for their existing shareholders and our own," he explained.

Saudi American Holdings Corp is holding company based in Fort Lauderdale, Florida. It acquires undervalued, private companies with managements that focus on growing their profitability through revenue growth and internal operating efficiencies

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