TWC Concludes ACM Aviation Acquisition

 - November 18, 2010, 10:57 AM
Van Nuys-based charter/management provider TWC Aviation has completed its acquisition of ACM Aviation, which is headquartered in San Jose, Calif. Newly named ACM Aviation Services is now a wholly owned subsidiary of TWC Aviation, according to CEO Andrew Richmond, who is now also CEO of ACM. The two companies’ Part 135 certificates–both with 10-or-more seat and international operations approval–will eventually be combined. TWC and ACM manage 65 aircraft (more than 50 of which are on their charter certificates) at 22 operating bases. The ACM acquisition also adds offices and hangar facilities in San Jose and offices in White Plains, N.Y., to TWC’s new national footprint, as well as salespeople in Florida, Texas and Australia. “Instead of being a Van Nuys-based regional operator,” Richmond said, “now we have three bases on two different coasts.” Richmond said that TWC now has the largest charter/management fleet after Executive Jet Management. Some rebranding of the company will take place, he added, “But we haven’t formalized it yet. Our goal is to be a national presence.”