HEICO Corporation makes two more important acquisitions

HEICO Corporation has completed two more acquisitions, in addition to one announced last week. Both purchases were made for cash, but other transaction terms and financial details were not disclosed. HEICO stated that it expects both acquisitions to be accretive to its earnings within the first year after the closing. The Company’s Electronic Technologies Group completed the acquisition of 80.1% of the shares of privately-held Midwest Microwave Solutions, from MMS’s founders/managers. Hiawatha, IA-based MMS designs, manufactures and sells unique Size, Weight, Power and Cost (SWAP-C) optimized Communications and Electronic Intercept Receivers and Tuners for military and intelligence applications. HEICO’s Flight Support Group acquired Astroseal Products Manufacturing. Astroseal makes expanded foil mesh which is integrated into composite aerospace structures for lightning strike protection in fixed and rotary wing aircraft. Nearly all aircraft make use of composites needing Astroseal’s “Astrostrike”products for both shielding and lightning protection on large areas of the fuselage, wings, empennage, stabilizers, engine nacelles, propellers, winglets and the rotor blades.