After some seasons in the lower tiers of the regional football association, the club started experiencing financial problems which in 2017 led to its sale to a group of entrepreneurs hailing from Inquisivi Province in La Paz Department who had settled in Quillacollo.

In the first championship of the 2019 Primera A season, Municipal Vinto finished as runners-up after losing the final to Arauco Prado but managed to qualify for the Copa Simón Bolívar.

[2] Previous to the start of that competition, the club initiated the legal process before the Bolivian Football Federation to rename itself to Atlético Palmaflor, in honor to the owners' roots in La Paz.

[10] Although the club under its new ownership made an effort to build a strong squad, their participation in the 2023 Copa Sudamericana was short-lived, being eliminated after a 6–0 loss to Blooming in the first stage.

[12] In spite of the difficult situation, the club's authorities began to distance themselves from their responsibilities, and on 18 October 2023, the board led by Denar Sarzuri and recognized by the Bolivian Football Federation resigned.