HEICO Corporation (HEICO) has entered into an agreement to acquire EthosEnergy Accessories and Components (Ethos A&C). The transaction is subject to regulatory approval and customary closing conditions, and is expected to be completed in the first quarter of fiscal 2026. Ethos A&C undertakes repairs on a wide range of engine accessories, including fuel nozzles, wiring […]
HEICO Corporation to acquire Ethos A&C Read More »
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
HEICO acquires avionics company Gables Engineering Read More »
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
Mendelson father and sons will take the rein at HEICO Read More »
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 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
HEICO’s net income increases 23% in the first quarter 2024 Read More »
