M&A Deal Summary

HEICO Acquires Accurate Metal Machining

On July 19, 2022, HEICO acquired aerospace company Accurate Metal Machining

Acquisition Highlights
  • This is HEICO’s 13th transaction in the Aerospace sector.
  • This is HEICO’s 41st transaction in the United States.
  • This is HEICO’s 1st transaction in Ohio.

M&A Deal Summary
Date 2022-07-19
Target Accurate Metal Machining
Sector Aerospace
Buyer(s) HEICO
Deal Type Add-on Acquisition

Target

Accurate Metal Machining

Painesville, Ohio, United States
Accurate Metal Machining is a manufacturer of high-reliability components and assemblies. Accurate's customers include large aerospace, defense, and semiconductor equipment subsystem suppliers. These customers operate in markets in which the cost of failure is very high, and as such, purchased components must be made to extremely high reliability and quality standards. Accurate is differentiated in this market by delivering high-quality parts, on-time, and at a competitive cost, and has many multi-decade customer relationships that attest to its capabilities. Accurate Metal Machining was formed in 1976 and is based in Painesville, Ohio.

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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 44 of 50
Sector (Aerospace) 13 of 16
Type (Add-on Acquisition) 41 of 47
State (Ohio) 1 of 1
Country (United States) 41 of 46
Year (2022) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Flight Microwave

El Segundo, California, United States

Flight Microwave is a designer and manufacturer of world-class custom high-power filters and filter assemblies used in space and defense applications. Flight Microwave was founded in 2004 and is based in El Segundo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 Exxelia International

Paris, France

Exxelia International develops and manufactures complex passive components and electromechanical solutions for niche industrial markets such as aeronautics, space, defense, medical and rail, where product reliability and performance are essential. The Group serves institutional clients, systems and equipment manufacturers. Exxelia offers a complete and custom product range (capacitors, inductors, resistors, filters, position sensors, and rotary joints) embedded into a large number of programs including the Airbus A350 and Boeing 787 Dreamliner, the Ariane 6 launcher, satellite constellations (such as Galileo and Oneweb), the Rafale and F-35, subway coaches and high-speed trains and medical equipment such as MRI machines and defibrillators. EXXELIA was founded in 2009 and is based in Paris, France.

Buy €453M
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