HEICO Corporation completes Robertson acquisition

HEICO Corporation’s Electronic Technologies Group completed the acquisition of Robertson Fuel Systems. On December 21st, 2015, HEICO announced it had entered into an agreement, subject to regulatory approval which was subsequently received, to acquire Robertson from affiliates of American Securities for US$255m in cash to be paid at closing, to be adjusted for typical post-closing adjustments. Tempe, AZ-based Robertson is a leader in the design and production of mission-extending, crashworthy and ballistically self-sealing auxiliary fuel systems for military rotorcraft.