TWC closes purchase deal for ACM Aviation
On November 12, Van Nuys-based charter/management provider TWC Aviation 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 combined companies manage 65 aircraft–more than 50 of which are on their charter certificates–at 22 operating bases.
The two companies’ Part 135 certificates–both with 10-or-more seat and international operations approval–will eventually be combined. “Once we do combine we will realize efficiencies,” Richmond said. 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. TWC has a maintenance facility at its Van Nuys base and ACM also performs comprehensive maintenance at its San Jose facility.
“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.”
A few months ago, TWC started its own charter brokerage arm called Debonair Jet Charter. “The idea is to capitalize on the retail base of clients that we have developed across the two companies and create a separate platform that they could call,” Richmond said. Customers are offered the best airplane for the trip, he explained, regardless of whether it is a TWC/ACM aircraft or one provided by a suitable third party. “Now that we’ve completed the acquisition, we will see some national marketing around that company,” he said.