HEICO Corporation Acquires Wencor Group from Warburg Pincus and Wencor Management for $2.05B
May 19, 2023
HEICO Corporation agreed to acquire Wencor Group from affiliates of Warburg Pincus LLC and Wencor's management for $1.9 billion in cash and $150 million in HEICO Class A common stock (approximately $2.05 billion aggregate). Wencor—an aftermarket provider of FAA-approved aircraft replacement parts and component repair/overhaul services based in Peachtree City, Georgia with ~1,000 employees—will join HEICO’s Flight Support Group to expand product and service capabilities and realize synergies.
- Buyers
- HEICO Corporation
- Targets
- Wencor Group
- Sellers
- Affiliates of Warburg Pincus LLC, Wencor management
- Industry
- Aerospace & Defense
- Location
- Georgia, United States
- Transaction Type
- Buyout
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