M&A Deal Summary

HEICO Acquires Robertson Fuel Systems

On December 21, 2015, HEICO acquired aerospace company Robertson Fuel Systems from American Securities for 255M USD

Acquisition Highlights
  • This is HEICO’s 7th transaction in the Aerospace sector.
  • This is HEICO’s 4th largest (disclosed) transaction.
  • This is HEICO’s 20th transaction in the United States.
  • This is HEICO’s 3rd transaction in Arizona.

M&A Deal Summary

Date 2015-12-21
Target Robertson Fuel Systems
Sector Aerospace
Buyer(s) HEICO
Sellers(s) American Securities
Deal Type Add-on Acquisition
Deal Value 255M USD
Advisor(s) SunTrust Robinson Humphrey, Inc. (Financial)

Target

Robertson Fuel Systems

Tempe, Arizona, United States
Robertson Fuel Systems LLC is a provider of crashworthy, ballistically self-sealing, single-point pressure refuelable auxiliary fuel systems for rotorcraft.

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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 22 of 50
Sector (Aerospace) 7 of 16
Type (Add-on Acquisition) 20 of 47
State (Arizona) 3 of 4
Country (United States) 20 of 46
Year (2015) 6 of 6
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 Midwest Microwave Solutions

Hiawatha, Iowa, United States

Midwest Microwave Solutions, Inc. is a designer, manufacturer and seller of unique size, weight, power and cost (SWAP-C) optimizedcommunications and electronic Intercept Receivers and Tuners for military and intelligence applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-08 Air Cost Control USA

Sunrise, Florida, United States

Air Cost Control USA LLC is an aviation electrical interconnect product distributor of items such as connectors, wire, cable, protection and fastening systems. It also distributes a wide range of electromechanical parts. A2C’s customers include aircraft manufacturers and their sub-tier suppliers, as well as airlines and maintenance, repair and overhaul (“MRO”) organizations worldwide.

Buy -

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.


DEAL STATS #
Overall 30 of 51
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 13 of 21
State (Arizona) 1 of 1
Country (United States) 29 of 50
Year (2015) 4 of 4
Size (of disclosed) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-10 Oregon Tool

Portland, Oregon, United States

Oregon Tool is a manufacturer of saw chain and guide bars for chainsaws, and a leading manufacturer of lawnmower blades, agricultural tractor attachments, and a broad range of other products used by professionals and consumers in the forestry, lawn, and garden, and agricultural end markets. Oregon Tool was founded in 1946 and is based in Portland, Oregon.

Buy $855M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 North American Partners in Anesthesia

Melville, New York, United States

North American Partners in Anesthesia is a single specialty anesthesia and perioperative management company in the United States. NAPA is comprised of the most respected clinical staff, providing thousands of patients with superior and attentive care. North American Partners in Anesthesia was founded in 1986 and is based in Melville, New York.

Buy -