M&A Deal Summary

HEICO Acquires Connect Tech

On August 19, 2020, HEICO acquired technology hardware company Connect Tech

Acquisition Highlights
  • This is HEICO’s 5th transaction in the Technology Hardware sector.
  • This is HEICO’s 2nd transaction in Canada.
  • This is HEICO’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-08-19
Target Connect Tech
Sector Technology Hardware
Buyer(s) HEICO
Deal Type Add-on Acquisition

Target

Connect Tech

Guelph, Ontario, Canada
Connect Tech, Inc. designs and manufactures rugged, small-form-factor embedded computing solutions and offers both standard commercial off-the-shelf products, as well as custom design services. CTI is well-regarded for its computer-on-module carrier boards and GPU solutions.

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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 36 of 50
Sector (Technology Hardware) 5 of 5
Type (Add-on Acquisition) 34 of 47
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-12 Transformational Security

Columbia, Maryland, United States

Transformational Security provides advanced security engineering and security technology applications. The company is focused on providing state-of-the-art products and services to commercial, corporate, military, law enforcement, and government customers throughout the world. It supplies value-added security and sensor products for the intelligence community, the defense industry, and contractor companies supporting these agencies. TS specializes in advanced technology supporting In-Place Monitoring Systems (IPMS), LPI/LPD detection challenges, frequency management, multi-mission collection operations, security modeling, security consulting, access control systems, SCIF and safe rooms, and technical security hardware and software.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Pyramid Semiconductor

Sunnyvale, California, United States

Pyramid Semiconductor is a specialty semiconductor designer and manufacturer offering a well-developed line of processors, static random-access memory (SRAM), electronically erasable programmable read-only memory (EEPROM), and Logic products on a diverse array of military, space, and medical platforms and are sold to numerous companies worldwide. Pyramid Semiconductor was formed in 2003 and is based in Sunnyvale, California.

Buy -
Mergr

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