Our History

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AFCO-IAD-Bldg-5
Our first building at IAD
PHL Philadelphia International Airport
Our second building at PHL
old-afco-color-logo
Our original logo

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:

  • 2019
    AFCO delivers first third-party air cargo hub to e-commerce leader with the construction of a 200,000 sf facility at BWI.
  • 2018
    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.
  • 2012
    AFCO develops first of its kind, LEED Gold Receiving and Distribution Facility at San Diego International.
  • 2011
    Steve Forrer joins AFCO as its first Chief Investment Officer.
  • 2009
    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.
  • 2008
    AFCO develops first of its kind, environmentally friendly Ground Support Equipment facility at Orlando International.
  • 2004-2006
    AFCO acquires FBO's in Detroit, Peoria, IL and Reading, PA.
  • 2000-2005
    AFCO completes significant developments and acquisitions at BWI, PIT, DFW, MCO, AUS, BDL, RIC, ALB and JAN.
  • 2000
    AFCO completes sale of a majority interest in 16 facilities to AMB Property Corp (now Prologis) and enters into a long term management contract.
  • 1996
    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.
  • 1993
    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.
  • 1992
    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.