HEICO Corporation, a prominent aerospace and defense technology company, has successfully concluded its acquisition of Wencor Group, a renowned commercial and military aircraft aftermarket company. The acquisition, valued at $2.05 billion, includes $1.9 billion in cash and $150 million in HEICO Class A Common Stock. This transaction represents HEICO’s largest-ever purchase in terms of both price and acquired revenues and income.
Wencor Group, established in 1955, specializes in various aviation aftermarket services, such as factory-new FAA-approved aircraft replacement parts, distribution of commercial and military aftermarket parts, and repair and overhaul of aircraft and engine accessory components. The acquisition underscores HEICO’s strategic focus on expanding its Flight Support Group, reinforcing its position as a leading provider of aircraft maintenance, repair, and overhaul services.