HEI - Mergers and acquisitions

MIAMI, FL, PARIS, FRANCE, and CHENNAI, INDIA / ACCESSWIRE / November 4, 2024 / HEICO Corporation today announced that its Paris, France-based Exxelia subsidiary acquired 70% of SVM Private Limited ("SVM") for cash paid at closing. Exxelia is part of HEICO's Electronic Technologies Group. SVM's management retains the remaining 30% ownership.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing.Based in Chennai, India, SVM is a leading designer and manufacturer of high-performance electronic passive components and sub-systems, including critical magnetic components and busbars, specifically serving the healthcare and industrial end-marke

MIAMI, FL and DERBY, KS / ACCESSWIRE / October 21, 2024 / HEICO Corporation (NYSE:HEI)(NYSE:HEI) today announced that its Electronic Technologies Group acquired approximately 88% of Mid Continent Controls, Inc. ("MC2") for cash at closing. Key MC2 managers will continue to own the balance of the company. Additional financial details were not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following the acquisition.Derby, KS-based MC2 is a niche designer and manufacturer specializing in proprietary in-cabin power and entertainment components and subsystems for business jets. Its core products include power outlets, power distribution modu

SANTA ANA, CA and MIAMI, FL / ACCESSWIRE / October 1, 2024 / HEICO Corporation (NYSE:HEI) and (NYSE:HEI) today announced that its Electronic Technologies Group acquired 92.5% of Marway Power Solutions, Inc. ("Marway") for cash at closing. The balance of the company's ownership will continue to be held by its executive management. Further financial terms were not disclosed.HEICO stated that it expects the acquisition to be accretive to earnings within the year following the acquisition.Founded in 1980, Marway is a leading designer and manufacturer of power distribution solutions for mission-critical systems deployed in defense, aerospace, communications, test & measurement, and industrial app

SOUTH WINDSOR, CT and MIAMI, FL / ACCESSWIRE / August 22, 2024 / HEICO Corporation (NYSE:HEI)(NYSE:HEI) today announced its Flight Support Group has acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems ("Capewell") for cash at closing. Additional financial details were not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing.Connecticut-based Capewell is a leading provider of proprietary aircraft cockpit emergency egress and aerial delivery products for various commercial aerospace and defense uses. It is a critical supplier to a wide-ranging customer base that includes leading OEMs, end-user

Asset Purchase and Exclusive License for Dukane Seacom subsidiary cements leadership positionSARASOTA, FL and HOLLYWOOD, FL / ACCESSWIRE / April 3, 2023 / HEICO Corporation (NYSE:HEI) today announced that its Dukane Seacom subsidiary entered into an exclusive license and acquired key assets for the Aircraft Emergency Locator Transmitter ("ELT") product line from Honeywell International ("Honeywell"). The transaction was structured as an exclusive perpetual license and asset purchase. Dukane Seacom is part of HEICO's Electronic Technologies Group. Transaction terms and financial details were not disclosed.HEICO stated that it expects the license and asset acquisition to be accretive to its ea

3D PLUS subsidiary acquires TRADLABEGE, FRANCE and MIAMI, FL / ACCESSWIRE / October 3, 2022 / HEICO Corporation today announced that its 3D PLUS subsidiary acquired TRAD SAS ("TRAD") for all cash consideration paid at closing. 3D PLUS is part of HEICO's Electronic Technologies Group. Further financial details were not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings within a year after closing.Labege, France-based TRAD is a leader in the highly specialized field of radiation engineering, which includes test and simulation of radiation effects on electronic components and materials, developing and providing software for radiation testing and effects model

Partners with the owners and managers of Ironwood ElectronicsEAGAN, MN and MIAMI, FL / ACCESSWIRE / September 1, 2022 / HEICO Corporation (NYSE:HEI) today announced that its Electronic Technologies Group acquired approximately 80% of the capital stock of technology component company Ironwood Electronics, Inc. ("Ironwood") for cash paid at closing, plus additional cash consideration to be paid if Ironwood meets certain earnings targets. The balance of Ironwood's shares will continue to be owned by Ironwood's Chief Executive Officer, David Struyk, and other key managers. Further financial information was not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings

Electronic Technologies Group Acquires Sensor SystemsCHATSWORTH, CA and MIAMI, FL / ACCESSWIRE / August 11, 2022 / HEICO Corporation (NYSE:HEI) today announced that its Electronic Technologies Group acquired all of the stock of Sensor Systems, Inc. ("Sensor") for a combination of cash and approximately 575,000 HEICO Class A Common Shares. Further financial details were not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings in the year following the acquisition.Chatsworth, CA-based Sensor is one of the world's leading designers and manufacturers of airborne antennas for commercial and military applications. Recognized as an international standard for many o

Marks HEICO's fifth announced acquisition in fiscal 2022PINELLAS, FL and MIAMI, FL / ACCESSWIRE / August 9, 2022 / HEICO Corporation (NYSE:HEI) today announced that its dB Control subsidiary acquired 100% of the stock of Charter Engineering, Inc. ("Charter") for cash at closing. Further financial details were not disclosed. dB Control is part of HEICO's Electronic Technologies Group.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following the acquisition.Pinellas Park, FL-based Charter designs and manufactures a complete line of RF and Microwave coaxial switches for the aerospace, defense, commercial, Automated Test Equipment ("ATE") and instrume

Flight Support Group Acquires Leading Specialty Defense Spares DistributorFARMINGDALE, NY and MIAMI, FL / ACCESSWIRE / March 18, 2022 / HEICO Corporation (NYSE:HEI) today announced that its Flight Support Group completed the acquisition of Pioneer Industries. On February 10, 2022, HEICO announced that it entered into an agreement, subject to regulatory approval which was subsequently received, to acquire Pioneer. The Purchase was completed under previously announced terms.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing.Farmingdale, NY-based Pioneer Industries is a leading specialty distributor of spares for military aviation, mar

Lucix Corporation Purchases Flight Microwave CorporationCAMARILLO, CA and MIAMI, FL / ACCESSWIRE / March 14, 2022 / HEICO Corporation (NYSE:HEI)(NYSE:HEI) today announced that its Lucix subsidiary acquired 100% of the stock of Flight Microwave Corporation ("Flight Microwave") in an all cash transaction. Further financial terms and details were not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings in the year following the purchase.Founded in 2004, Flight Microwave is a leading designer and manufacturer of world class custom high power filters and filter assemblies used in space and defense applications. Among Flight Microwave's most recognized products ar

Acquires RF and Microwave Specialist Paciwave in 6th Acquisition this YearSUNNYVALE, CA and MIAMI, FL / ACCESSWIRE / October 4, 2021 / HEICO Corporation (NYSE:HEI) today announced that its dB Control subsidiary acquired 100% of Paciwave, Inc. for cash paid at closing. No further transaction or financial details were disclosed. dB Control is part of HEICO's Electronic Technologies Group.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing. Paciwave is HEICO's sixth acquisition in its current fiscal year.Sunnyvale, CA-based Paciwave is a specialized designer and manufacturer of RF and microwave components and integrated assemblies speci

Electronic Technologies Group Buys 80.1% of RH LaboratoriesNASHUA, NH and MIAMI, FL / ACCESSWIRE / September 29, 2021 / HEICO Corporation (NYSE:HEI)(NYSE:HEI) today announced that its Electronic Technologies Group acquired 80.1% of the stock of RH Laboratories, Inc. ("RH") for cash paid at closing. RH's founders will continue to own the balance of the company. Further terms and financial details were not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings within the first year following the closing.Nashua, NH-based RH is an industry-leading designer and manufacturer of state-of-the-art RF and microwave integrated assemblies, sub-assemblies and components us

Flight Support Group Acquires Two Advanced Aerospace and Defense ManufacturersHOLLYWOOD, FL and HAMPSTEAD, MD / ACCESSWIRE / August 4, 2021 / HEICO Corporation (NYSE:HEI) today announced that its Flight Support Group completed the acquisition of Ridge Engineering, Inc. ("Ridge") and The Bechdon Company, Inc. ("Bechdon") (together, the "Companies"). On July 6, 2021, HEICO announced it had entered into an agreement, subject to regulatory approval which was subsequently received, to acquire the Companies. The purchase was completed under the previously announced terms.HEICO expects the acquisitions to be accretive to its earnings within the first year following closing. Additional financial det

MIAMI & SUNNYVALE, Calif.--(BUSINESS WIRE)--HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) today announced that its Electronic Technologies Group acquired the business, assets and certain liabilities of highly successful Pyramid Semiconductor LLC (“Pyramid”) from its founders for cash paid at closing. Additional transaction details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings within a year following the closing. Founded in 2003, Sunnyvale, CA-based Pyramid is a specialty semiconductor designer and manufacturer offering a well-developed line of processors, static random-access memory (SRAM), electronically erasable programmable read-