press release

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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Charles “Chuck” Stipancic, Jr. Elected Washington Airports Task Force Chairman

The Washington Airports Task Force is a leadership organization that works on bringing solutions to the problems affecting our airports and the quality of air services they provide, as well as their ability to expand, because air service is important to our region’s economy. Stipancic succeeds David Whitestone, a partner in the Washington, D.C. office…

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AFCO Announces Election of Frank Chambers as Chairman of the Board of Directors and Appointment of Chuck Stipancic as President and Chief Executive Officer

AFCO Leadership AFCO announced that at its February 25, 2009 annual shareholders meeting that Francis X. Chambers, Jr. has been elected Chairman of the Board of Directors and that Charles Stipancic, Jr. has been appointed President and Chief Executive Officer. Mr. Chambers co-founded the Company in 1992 and has been its President and Chief Executive…

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AFCO Announces Acquisition of AvPORTS Name and Seven Airport Management Contracts

AFCO Announces Acquisition AFCO completed the acquisition of the trade name and assets of AvPORTS, which includes seven U.S. airport management contracts, from Macquarie Aviation North America, effective January 1, 2009. The assets being acquired by AFCO include management contracts to manage the airports on behalf of local governments at Albany International Airport (ALB) in…

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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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AFCO Acquires 4th Air Cargo Facility at Seattle-Tacoma International Airport

AFCO Acquires 4th Air Cargo Facility at Seattle-Tacoma AFCO completed the acquisition of a 35,000 square-foot air cargo facility at Seattle-Tacoma International Airport (Sea-Tac) from Ray Balanos Properties. The facility was built in 1998 and includes 25,000 square feet of warehouse space, 10,000 square feet of office space and 57,000 square feet of landside parking…

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