Since the early 1990s, AFCO has grown from a single development project to a leading airport developer around the United States. Our journey includes many major milestones, including:
AFCO delivers first third-party air cargo hub to e-commerce leader with the construction of a 200,000 sf facility at BWI.
AFCO is acquired by a Goldman Sachs infrastructure fund, positioning our company to take on projects regardless of size or cost. AFCO completes phase II of the Orlando Ground Support Equipment Facility. AFCO wins the opportunity to finance and develop the first cargo complex at San Diego Int’l.
AFCO develops first of its kind, LEED Gold Receiving and Distribution Facility at San Diego International.
Steve Forrer joins AFCO as its first Chief Investment Officer.
Mr. Charles (Chuck) Stipancic, Jr. takes over as President & CEO. AFCO acquires AvPORTS, the leading US airport operating company, from Macquarie Aviation. AFCO develops the first privately funded commercial airport in the U.S. in Branson, Missouri.
AFCO develops first of its kind, environmentally friendly Ground Support Equipment facility at Orlando International.
AFCO acquires FBO's in Detroit, Peoria, IL and Reading, PA.
AFCO completes significant developments and acquisitions at BWI, PIT, DFW, MCO, AUS, BDL, RIC, ALB and JAN.
AFCO completes sale of a majority interest in 16 facilities to AMB Property Corp (now Prologis) and enters into a long term management contract.
AFCO acquires 10 facilities from AVIA Development Corp at LAX, DFW, Sea-Tac, BWI, and Kansas City as well completing its first development for FedEX at Kansas City.
AFCO completes the third and final phase of the Washington Dulles Air Cargo #5 complex as well acquiring its first cargo facility at Philadelphia International Airport.
Aviation Facilities Company, Inc. (AFCO) was established by Gerald T. Halpin and Francis X. Chambers, Jr., President & CEO, and a Vice President, respectively, of WEST*GROUP, one of the founders of Tysons Corner, VA developing headquarters complexes for Freddie Mac, Gannett, BDM and as well numerous multi-tenant commercial buildings occupied by the Federal Government and Fortune 500 companies.