M&A Deal Summary

HEICO Acquires Marway

On October 1, 2024, HEICO acquired electrical equipment company Marway

Acquisition Highlights
  • This is HEICO’s 9th transaction in the Electrical Equipment sector.
  • This is HEICO’s 45th transaction in the United States.
  • This is HEICO’s 14th transaction in California.

M&A Deal Summary
Date 2024-10-01
Target Marway
Sector Electrical Equipment
Buyer(s) HEICO
Deal Type Add-on Acquisition

Target

Marway

Santa Ana, California, United States
Marway is a designer and manufacturer of power distribution solutions for mission-critical systems deployed in defense, aerospace, communications, test & measurement, and industrial applications on land, air, and sea. Its primary products are power distribution units, power supplies, automatic transfer switches and related control panels. Marway was formed in 1980 and is based in Santa Ana, California.

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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 49 of 50
Sector (Electrical Equipment) 9 of 9
Type (Add-on Acquisition) 46 of 47
State (California) 14 of 14
Country (United States) 45 of 46
Year (2024) 1 of 2
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 MC2

Derby, Kansas, United States

MC2 is a designer and manufacturer specializing in proprietary in-cabin power and entertainment components and subsystems for business jets. Its core products include power outlets, power distribution modules, cabin management systems, multimedia connectivity ports, seat controls and switch panels. MC2 is based in Derby, Kansas.

Buy -
Mergr

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