Alcuin Capital Partners has taken a minority stake in Air Charter Service (ACS) as the company looks to accelerate growth plans.
The investment will bring access to capital and ACS chief executive officer, Justin Bowman says he Alcuin’s expertise in corporate acquisition strategy will be “invaluable” for implementing growth plans.
“The fact that this company has grown from the basement of a house to the largest charter brokerage in the world is a huge achievement and testament to our amazing team and corporate culture. However, we are still an ambitious organisation.”
“Our growth to date has been entirely organic and whilst we will continue to follow those strategies that have been successful in the past, we wish to accelerate our expansion through capital investments in both technology and through acquisitions of complementary businesses.”
Alcuin Capital Partners co-founder, Mark Storey adds: “Air Charter Service is a leader in its field with a strong track record for growth. Their plans going forward are exciting and we are looking forward to working with their management team as they implement them.”