HEICO signs agreement to buy Robertson Fuel Systems

HEICO Corporation has announced that its Electronic Technologies Group has entered into an agreement to acquire Robertson Fuel Systems, from affiliates of American Securities for US$255m in cash to be paid at closing, subject to typical postclosing adjustments. The transaction is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. The parties anticipate the acquisition will be completed within 60 days. Tempe, AZ-based Robertson is the world leader in the design and production of mission-extending, crashworthy and ballistically self-sealing auxiliary fuel systems for military rotorcraft. Robertson’s products include approximately 65 different fuel systems serving over 50 different platforms across military and civil aircraft and ground vehicles.