acquisition news

Acquisition News – AFCO Inc & AvPorts

Acquisition News Dulles, VA. – May 24, 2018 – Aviation Facilities Company, Inc. (“AFCO”) and AFCO AvPorts Management LLC (“AvPorts”), both industry leaders in the development and management of airports and airport infrastructure, announced they have entered into a definitive agreement to be acquired by West Street Infrastructure Partners III (“WSIP III”), a family of…

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AFCO Acquires Air Cargo Facility at Mather Airport

AFCO Acquires Air Cargo Facility 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…

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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…

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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…

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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…

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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,…

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AFCO Acquires Air Cargo Facilities in Austin, Texas

AFCO Acquires Air Cargo Facilities in Austin AFCO has completed the purchase of three facilities at Austin-Bergstrom International Airport from Austin BellyPort Development LLC. Two air freight warehouse facilities total 57,000 square feet with ramp access, vehicular parking, and ground equipment storage. The opportunity exists for a total warehouse expansion of 30,000 square feet. The…

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AFCO Begins Construction of Midfield Cargo Complex at Baltimore-Washington International Airport

AFCO Begins Construction of Midfield Cargo Complex On February 29, 2000, construction began on the 60,000 s.f. cargo building, 330,000 s.f. of aircraft ramp/apron and approximately 55,000 s.f. of associated truck/auto parking of the first phase of the Midfield Cargo Complex (MCC) at Baltimore/Washington International (BWI) Airport. Construction is scheduled to be completed at the…

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