HEICO - M&A Summary and Business Overview

AerospaceCompany

HEICO M&A Summary

HEICO has acquired 49 companies, including 20 in the last 5 years. A total of 9 acquisitions came from private equity firms.

HEICO’s largest acquisition to date was in 2023, when it acquired Wencor Group for $2.1B. HEICO has acquired in 20 different US states, and 3 countries. The Company’s most targeted sectors include aerospace (32%) and electrical equipment (17%).

HEICO Business Overview

Where is HEICO headquartered?

HEICO is headquartered in Hollywood, Florida.

What is HEICO’s revenue?

HEICO disclosed revenue of 2,208M USD for 2022 and 1,866M USD for 2021.

How many employees does HEICO have?

HEICO has 5,600 employees.

What sector is HEICO in?

HEICO is an aerospace company.

When was HEICO founded?

HEICO was founded in 1957.

M&A Summary

  • M&A Total Activity48
    • M&A Buy Activity48
  • Total Sectors Invested 13
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 10
  • M&A Advisors 9

HEICO

HEICO Corp.

3000 Taft Street,
Hollywood, Florida 33021
United States,
(954) 987-4000
www.heico.com

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. The Company operates through two segments including The Flight Support Group and The Electronic Technologies Group. HEICO was founded in 1957 and is based in Hollywood, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.0/yr) # 33 3 5 6 1 - 48
vol $572M $510M $2.1B $3.1B
Sell (0.0/yr) # - - - - - - 0
  48

Most Recent M&A

Company Date Value Type
Wencor Group LLC 2023-05-15 2.1B USD Add-on Acquisition
Springville, Utah · www.wencor.com
Ironwood Electronics, Inc. 2022-09-01 - Add-on Acquisition
Eagan, Minnesota · www.ironwoodelectronics.com
Sensor Systems, Inc. 2022-08-11 - Add-on Acquisition
Chatsworth, California · www.sensorantennas.com
Exxelia S.A.S. 2022-07-28 510M EUR Add-on Acquisition
Paris, France · www.exxelia.com
Accurate Metal Machining, Inc. 2022-07-19 - Add-on Acquisition
Painesville, Ohio · www.accuratemetalmachining.com
Flight Microwave Corp. 2022-03-14 - Add-on Acquisition
El Segundo, California · www.flightmicrowave.com
Pioneer Industries, Inc. 2022-02-10 - Add-on Acquisition
Farmingdale, New York · www.pioneerspares.com
RH Laboratories, Inc. 2021-09-29 - Stake Purchase
Nashua, New Hampshire · www.rh-labs.com
Ridge Engineering, Inc. 2021-07-06 - Add-on Acquisition
Hampstead, Maryland · www.ridgeeng.com
The Bechdon Company, Inc. 2021-07-06 - Add-on Acquisition
Upper Marlboro, Maryland · www.bechdon.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Aerospace 15 (31%) 2.3B (74%) - -
Electrical Equipment 8 (17%) 510M (16%) - -
Technology Hardware 5 (10%) 317M (10%) - -
Electronics 4 (8%) - - -
Manufacturing 4 (8%) - - -
Semiconductors 4 (8%) - - -
Distribution 2 (4%) - - -
Business Services 1 (2%) - - -
Defense 1 (2%) - - -
Metals/Mining 1 (2%) - - -
Packaging 1 (2%) - - -
Safety/Security 1 (2%) - - -
Test/Measurement Equipment 1 (2%) - - -
Total 48 $3.1B - -

By Geo

State/Country Buy Value Sell Value
United States 44 2.6B - -
  California 13 317M - -
  Maryland 4 - - -
  Arizona 4 255M - -
  New York 3 - - -
  Illinois 2 - - -
  Florida 2 - - -
  Texas 2 - - -
  Oregon 2 - - -
  New Hampshire 1 - - -
  Minnesota 1 - - -
  Iowa 1 - - -
  Connecticut 1 - - -
  Vermont 1 - - -
  Utah 1 2.1B - -
  Tennessee 1 - - -
  South Carolina 1 - - -
  Pennsylvania 1 - - -
  Oklahoma 1 - - -
  Ohio 1 - - -
  New Mexico 1 - - -
Canada 2 - - -
  Quebec 1 - - -
  Ontario 1 - - -
France 2 510M - -
Domestic 44 (92%) 2.6B (84%) - -
Cross-border 4 (8%) 510M (16%) - -
Total 48 $3.1B - -

Top M&A Advisors

Financial Deals
UBS Investment Bank
 1
Truist Securities
 1
Moelis & Co.
 1
Legal Deals
Akerman Senterfitt LLP
 2
Paul, Weiss, Rifkind, Wharton & Garrison
 1
Squire Patton Boggs
 1

Deal Values

buy # Total
> $1B 1 $2.1B
$100M to $1B 3 $1.1B
TOTAL $3.1B
Largest Wencor Group LLC
$2.1B (2023-05-15)

M&A Connections

Deals
Acquired from
Investor(s)
17%
8 (17%)
Strategic(s)
2%
1 (2%)

Company Summary

SECTOR

Aerospace

Revenue

2,208   19% 2022
1,866   5% 2021
1,787   14% 2020
2,056   16% 2019
1,778   17% 2018
1,525   11% 2017
1,376   16% 2016
1,189   6% 2015
1,132   13% 2014
1,008   13% 2013
897   2012
(millions of USD) Show More Show Less

Employees

5,600

Established

1957

Public

NYSE: HEI

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