HEICO Archives

HEICO acquires avionics company Gables Engineering

HEICO Corporation (HEICO) has announced the acquisition of Gables Engineering, Inc., a long-established leader in advanced avionics controls, for an undisclosed cash sum. The transaction, completed by HEICO’s Electronic Technologies Group, is expected to be accretive to HEICO’s earnings within one year of the purchase. Founded in 1946, Gables Engineering has built a strong reputation […]

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Laurans A. Mandelson will become Executive Chairman of the Board of Directors at HEICO and his two sons Eric A. Mendelson and Victor H. Mendelson will take the role of Co-CEOs © HEICO

Mendelson father and sons will take the rein at HEICO

People

HEICO Corporation has announced a key leadership transition set to take effect on May 1, 2025. Laurans A. Mendelson, currently the company’s Chairman and Chief Executive Officer, will assume the role of Executive Chairman of the Board of Directors. In this new position, he will continue to lead the Board, maintain a strong focus on

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HEICO acquires majority stake in Millennium International

Financial

HEICO Corporation has released that its Flight Support Group has acquired a 90% stake in Millennium International (Millennium), a frontrunner in business jet avionics repair. The company’s co-founders, Jeanne Rau-Flattery and Dan Rafferty, will retain the remaining ownership and continue to lead operations. Financial details of the transaction were not disclosed. Millennium specialises in the

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HEICO’s net income increases 23% in the first quarter 2024

Financial

HEICO has reported an increase in net income of 23% to US$114.7 million in the first quarter of fiscal year 2024, up from US$93.0 million in the first quarter of fiscal year 2023. Net sales increased 44% to US$896.4 million in the first quarter of 2024, up from US$620.9 million in the first quarter of

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HEICO acquires avionics company Gables Engineering

Mendelson father and sons will take the rein at HEICO

HEICO acquires majority stake in Millennium International

HEICO’s net income increases 23% in the first quarter 2024

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