Air Charter Service has announced that it has welcomed aboard new investment from Alcuin Capital Partners as the company looks to accelerate its plans for growth.
The investment will see Alcuin purchase a minority stake in the business and provide a platform for a strategy of further growth through acquisition.
Justin Bowman, CEO of Air Charter Service, said: “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 brings to the table not just the access to capital but, more importantly, the expertise in corporate acquisition strategy, which we believe will be invaluable when implementing our plans for growth.”
Mark Storey, Co-founder of Alcuin Capital Partners said “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.”