APCO Property Acquisition Closing

APCO International is pleased to announce that it closed this week on the purchase of a three-acre tract of land immediately north of APCO’s headquarters in Daytona Beach, Florida. This additional land purchase that was unanimously approved by the Board of Directors would enable APCO to further grow its campus if needed beyond the expansion of the existing building as previously announced in June. APCO has no current plans to build on the new site, but the land acquisition will ensure APCO has the future capacity for headquarters to remain in Daytona Beach. Staff operations have been centered in this region of Florida since the 1970s and at the existing Williamson Blvd location since 2000. Moreover, property values in the vicinity have been appreciating, so minimally, APCO’s cash purchase of this adjacent parcel should yield positive investment returns. Meanwhile, APCO remains debt free with healthy reserve funding.