Category Archives: Acquisition News

AFCO Acquires Air Cargo Facility at Mather Airport

Dulles, VA., (February 21, 2017) – Aviation Facilities Company, Inc. (AFCO) completed the purchase of an air cargo facility at Mather Airport (MHR) in Sacramento, California from GE Capital Aviation Services. The MHR facility is situated on a 4.5 acre site with direct ramp access and includes 33,300 square feet of air cargo warehouse and office space that is fully leased to UPS Supply Chain Solutions (UPS SCS).“The acquisition of the MHR facility reflects our strategy of acquiring on-airport assets with credit quality tenants like UPS SCS,” said Chuck Stipancic, President & CEO of AFCO.The MHR facility is used by UPS SCS to support its regional and local trucking operation and for UPS aircraft that operate at the airport.  MHR is owned and operated by the County of Sacramento and is part of the Sacramento County Airport System.“We are delighted to expand our relationship with UPS SCS and we look forward to working with the County to meet the region’s...

AFCO/Quantem FBO Services Acquires Metro Flight Services FBO at Detroit Metropolitan Airport

AFCO and Quantem News

AFCO and Quantem FBO Services, LLC, through a joint venture, recently acquired the Metro Flight Services (Metro Flight) fixed base operation (FBO) that offers fueling, ground handling, passenger services, maintenance and various other services at the Detroit Metropolitan Airport (DTW) in Detroit, Michigan.The deal represents the second FBO acquired by the AFCO/QFS joint venture following on from the acquisition of Byerly Aviation in Peoria, Illinois in February 2005.Metro Flight began operations in October 2002. The facility includes 30,000 square feet of hangar and 10,000 square feet of office and customer support space.  Possession of the facility by AFCO/QFS occurred on November 6th. The terms of the acquisition were not disclosed. About: AFCO is a recognized leader in the development, management and operation of airports and airport infrastructure.  With broad capabilities and deep experience, AFCO provides an unparalleled level of service and value to its clients including airports, municipalities, commercial and cargo airlines, freight forwarders and a wide variety of...

AFCO Acquires Land Near New Terminal at Indianapolis International Airport

AFCO Acquires Land

AFCO has completed the acquisition of 47.1 acres near the new airport entrance at Indianapolis International Airport. The new terminal is expected to open at the end of 2008.The $5 million acquisition was completed by a joint venture between AFCO and Airport Parking Management (APM), who previously teamed with AFCO for the development of parking facilities at Midway Chicago Airport.The land may be used for the development of warehouse distribution and logistics facilities, and other transportation related infrastructures. Jim Norris, AFCO Vice President, Development, negotiated the terms of this acquisition. 

AFCO is a recognized leader in the development, management and operation of airports and airport infrastructure.  With broad capabilities and deep experience, AFCO provides an unparalleled level of service and value to its clients including airports, municipalities, commercial and cargo airlines, freight forwarders and a wide variety of other airport users.

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AFCO Acquires American Flight Services FBO, Reading, Pennsylvania

AFCO Acquires American Flight Services

AFCO acquired the American Flight Services (AFS) fixed base operation at the Reading Regional Airport in Reading, Pennsylvania from Mr. James Dastra and his partners, for an undisclosed sum on October 12, 2006.The deal represents the second FBO for AFCO following their recent acquisition of Byerly Aviation in Peoria, Illinois.  Frank Chambers, Chief Executive Officer and Founder of AFCO said, “We are delighted to have concluded the purchase of AFS, which is consistent with our strategy and goal to further diversify our business base with the direct ownership of FBO’s."AFCO intends to grow and develop the services offered by AFS and invest in the people and infrastructure.

About - AFCO is a recognized leader in the development, management and operation of airports and airport infrastructure.  With broad capabilities and deep experience, AFCO provides an unparalleled level of service and value to its clients including airports, municipalities, commercial and cargo airlines, freight forwarders and a wide variety...