HEICO Corporation (HEICO)

OEM : Aerospace

Website

Hollywood, Florida, United States

NYSE: HEI

HEICO Corporation is a rapidly growing aerospace and electronics company focused on niche markets and cost-saving solutions for its customers. HEICO’s products are found in the most demanding applications requiring high-reliability parts and components, such as aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems. Through our Flight Support Group, we are: the world’s largest provider of commercial, non-OEM, FAA-approved aircraft replacement parts; a significant provider of aircraft accessories component repair & overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications; a leader in niche aircraft parts distribution; and a manufacturer of other critical aircraft parts.

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HEICO Corporation Completes Wencor Group Acquisition

📅 Date:

🔖 Topics: Acquisition

🏢 Organizations: HEICO, Wencor Group


HEICO Corporation (NYSE:HEI.A and HEI) today announced that it has completed its previously announced acquisition of Wencor Group (“Wencor”) from affiliates of Warburg Pincus LLC and Wencor’s management for $1.9 billion in cash and $150 million in HEICO Class A Common Stock[1] paid at closing, or $2.05 billion in the aggregate. Wencor has joined HEICO’s Flight Support Group.

HEICO stated that it expects the highly synergistic acquisition to be accretive to its earnings within the year following the closing. Further, HEICO anticipates it will continue to achieve its often-articulated growth objectives in the years following the closing. Wencor’s parts and repairs are found in hydraulic, pneumatic, electronic and electro-mechanical, cockpit and galley systems throughout numerous aircraft models and provide Wencor’s customers with significant cost savings.

Read more at Access Wire

The Titanium Economy: Emerging stronger in the face of disruption

📅 Date:

✍️ Authors: Kimberly Borden, David Ebenstein, Inga Maurer, Asutosh Padhi

🏢 Organizations: McKinsey, Enphase, Graco, Tesla, HEICO, Middleby, Sealed Air


Companies in the Titanium Economy have taken steps to build agility in response to changing preferences and global supply chain challenges. They have innovated to meet their customers’ evolving needs by consolidating their value chains, maintaining regional sourcing and production, and minimizing the distance between engineering and manufacturing and their supply chains.

In the face of disruptive macroeconomic trends, the Titanium Economy has demonstrated resilience by adopting a playbook of calculated, through-cycle steps that companies across all sectors can learn from and implement. In our next article, we will explore the specific actions of this playbook and how they can help American industrials lay the foundation for the country’s future position on the world stage.

Read more at McKinsey Insights

CesiumAstro Secures $60 Million In Oversubscribed Series B Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: CesiumAstro, Airbus, HEICO, Kleiner Perkins


CesiumAstro Inc. (“Cesium” or “Company”), a developer of advanced aerospace communication systems, today announced it has secured $60 million in an oversubscribed Series B funding round, co-led by Airbus Ventures and Forever Ventures, with strategic participation from L3Harris Technologies (NYSE: LHX). Returning investors include Kleiner Perkins, Lavrock Ventures, Franklin Templeton Blackhorse Fund, and HEICO (NYSE: HEI).

Read more at CesiumAstro Press Release