AFCO, in a joint venture with Quantem FBO Services, LLC, has acquired the stock and real estate assets of Byerly Aviation, Inc. and Byerly Avionics Incorporated, a 60 plus-year old family-run business, which provided fixed-based operations services at Greater Peoria Regional Airport and Pekin Municipal Airport, Illinois. As part of the transaction, AFCO acquired the leaseholds on six buildings, which include a total of five hangars, a general aviation terminal and office space. Quantem will manage the two Byerly companies and operate the FBO locations. AFCO will manage the assets and leases.