M&A Deal Summary

HEICO Acquires Ironwood Electronics

On September 1, 2022, HEICO acquired semiconductors company Ironwood Electronics

Acquisition Highlights
  • This is HEICO’s 4th transaction in the Semiconductors sector.
  • This is HEICO’s 43rd transaction in the United States.
  • This is HEICO’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-09-01
Target Ironwood Electronics
Sector Semiconductors
Buyer(s) HEICO
Deal Type Add-on Acquisition

Target

Ironwood Electronics

Eagan, Minnesota, United States
Ironwood Electronics is a designer and manufacturer of high performance test sockets and adapters for both engineering and production use of semiconductor devices. Its products are utilized by, among others, semiconductor designers and manufacturers for critical validation and testing, as well as additional applications. Ironwood Electronics was founded n 1986 and is based in Eagan, Minnesota.

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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 47 of 48
Sector (Semiconductors) 4 of 4
Type (Add-on Acquisition) 44 of 45
State (Minnesota) 1 of 1
Country (United States) 43 of 44
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 Sensor

Chatsworth, California, United States

Sensor is a designer and manufacturer of airborne antennas for commercial and military applications. The company's products include, among others, Aircraft Direction Finding ("ADF"), Altimeter, Glideslope, Global Positioning System ("GPS"), L-Band, Marker Beacon, satellite communications, Total Collision Avoidance System ("TCAS"), Very High Frequency ("VHF") and Very High-Frequency Omni-directional Range ("VOR") antennas. Sensor was formed in 1961 and is based in Chatsworth, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-15 Wencor Group

Springville, Utah, United States

Wencor Group manufactures, repairs and distributes aircraft parts for operators, repair stations and manufacturers across the globe. Wencor Group provides CMM and DER repairs for components and piece parts. Wencor Group also distributes a wide variety of aftermarket parts including bearings, seals, hardware, filters, electrical components, lighting, and interiors. Wencor Group also provides targeted solutions for both US and foreign militaries. Wencor Group was formed in 1955 and is based in Springville, Utah.

Buy $2.1B
Mergr

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