M&A Deal Summary

HEICO Acquires Apex Microtechnology

On November 28, 2018, HEICO acquired semiconductors company Apex Microtechnology from Alerion Capital Group

Acquisition Highlights
  • This is HEICO’s 1st transaction in the Semiconductors sector.
  • This is HEICO’s 26th transaction in the United States.
  • This is HEICO’s 4th transaction in Arizona.

M&A Deal Summary

Date 2018-11-28
Target Apex Microtechnology
Sector Semiconductors
Buyer(s) HEICO
Sellers(s) Alerion Capital Group
Deal Type Add-on Acquisition

Target

Apex Microtechnology

Tucson, Arizona, United States
Apex Microtechnology designs and manufactures high performance monolithic and hybrid analog power integrated circuits that provide off-the-shelf solutions across a wide range of commercial, industrial and military applications.

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Buyer(S) 1

Buyer

HEICO

Hollywood, Florida, United States

Category Company
Founded 1957
Sector Aerospace
Employees9,600
Revenue 3.0B USD (2023)
DESCRIPTION
HEICO's corporate headquarters in Hollywood, Florida.
HEICO's corporate headquarters in Hollywood, Florida.

HEICO is a manufacturer of FAA-approved jet engine and aircraft component replacement parts. HEICO is also a manufacturer of various types of electronic equipment for the aviation, defense, space, medical, telecommunications, and electronics industries. HEICO was founded in 1957 and is based in Hollywood, Florida.


DEAL STATS #
Overall 28 of 48
Sector (Semiconductors) 1 of 4
Type (Add-on Acquisition) 26 of 45
State (Arizona) 4 of 4
Country (United States) 26 of 44
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Specialty Silicone Products

Ballston Spa, New York, United States

Specialty Silicone Products, Inc. is a designer and manufacturer of silicone materials for a variety of demanding applications, used in aerospace, defense, research, oil and gas, testing, pharmaceuticals, and other markets. Since SSP’s founding in 1989, the company has been a consistent innovator and pioneer within the silicone manufacturing industry. SSP employs approximately 70 team members and operates out of one, 52,000 square foot, state-of-the-art facility in Ballston Spa, NY.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Solid Sealing Technology

Watervliet, New York, United States

Solid Sealing Technology, Inc. is a designer and manufacturer of high-reliability ceramic-to-metal feedthroughs and connectors for demanding environments within the defense, industrial, life science, medical, research, semiconductor, and other markets.

Buy -

Seller(S) 1

SELLER

Alerion Capital Group

Scottsdale, Arizona, United States

Investor Investor


Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Alerion Capital Group is a private equity group focused on investments in later-stage mid-market tech oriented businesses. Specific areas of interest include technology hardware, software and services, and technology enabled services. Prospective transaction types include recapitalizations, management led buyouts, leveraged buyouts, divestitures, and growth capital financings. The Firm seeks businesses valued between $5 and $50 million with revenues up to $100 million. Alerion prefers opportunities located in the Western US. Alerion Capital Group was established in 2000 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 7 of 7
Sector (Semiconductors) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Arizona) 3 of 3
Country (United States) 7 of 7
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-28 ISONAS

Boulder, Colorado, United States

ISONAS, Inc. is a access control company to design and manufacture a cutting-edge, IP-to-the-door solution that eliminates needless complexity—including inconvenient control panels, separate power supply, and dedicated hard-wiring. ISONAS’ network-based PowerNet™ reader-controllers offer a patented technology that easily integrates with Windows-based software to deliver more simplicity, greater value, and total flexibility to go places you never thought possible.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 MicroAge

Phoenix, Arizona, United States

MicroAge is a technology services and solutions provider. MicroAge was founded in 1976 and is based in Phoenix, Arizona.

Buy -