HEICO Corporation to Acquire Axillon Aerospace Fuel Containment Business

SK Capital Acquires Parker Hannifin's North America Composites & Fuel Containment Division (renamed Axillon Aerospace)

July 30, 2024

Aerospace & Defense

SK Capital Partners has signed a definitive agreement to acquire the North America Composites & Fuel Containment (CFC) Division of Parker Hannifin and completed the acquisition, renaming the business Axillon Aerospace. The division is a leading producer of engineered carbon fiber composite components and fuel containment solutions for defense and commercial aerospace, generating about $350 million in annual sales, operating six North American manufacturing sites, and employing ~1,700 people.

HEICO Corporation Acquires Majority Stake in Pioneer Industries

February 10, 2022

Aerospace & Defense

HEICO Corporation's Flight Support Group has agreed to acquire a 74% equity interest in Pioneer Industries, a Farmingdale, New York-based specialty distributor of military aviation, marine and ground spares, for cash at closing plus potential contingent consideration. Pioneer founders Robert and David Yormack will retain 26% and remain in their current roles; the transaction is subject to antitrust clearance and is expected to be accretive to HEICO's earnings within a year.

HEICO Corporation to Acquire Exxelia from IK Partners (IK VII)

July 28, 2022

Aerospace & Defense

HEICO Corporation has entered into exclusive negotiations to purchase Exxelia from an affiliate of the IK VII Fund. Exxelia, headquartered in Paris and a manufacturer of high-reliability passive components and precision subsystems with ~2,100 employees and ~€190m revenue (FY2022), will broaden HEICO's product portfolio and European footprint pending regulatory approvals.

HEICO Acquires Gables Engineering

July 29, 2025

Aerospace & Defense

HEICO Corporation (through its Electronic Technologies Group) has acquired Gables Engineering, a Coral Gables, Florida-based designer and manufacturer of avionics controls, in a cash transaction. The deal—expected to be accretive to HEICO’s earnings within one year—expands HEICO’s avionics and flight-deck capabilities and supports continued R&D and American manufacturing investment.

HEICO / Mid Continent Controls Acquires Rosen Aviation

April 21, 2025

Aerospace & Defense

HEICO Corporation's Mid Continent Controls (MC2) subsidiary acquired all ownership interests in Eugene, Oregon-based Rosen Aviation for undisclosed cash consideration. Rosen, a designer and manufacturer of in-flight entertainment (IFE) cabin displays and control panels for the business and VVIP aviation markets, will operate as a wholly owned subsidiary of MC2 to expand MC2/HEICO's cabin electronics capabilities and deliver integrated IFE solutions to OEMs, operators and completion centers.

HEICO Acquires Capewell Business Units from Argosy Private Equity

August 22, 2024

Aerospace & Defense

HEICO Corporation has acquired the Capewell aerial delivery and descent devices business units from Argosy Private Equity. Argosy will retain Aerial Machine & Tool Corp and Rhine Air Inc as it refocuses on survivability, safety and protection solutions for military and first responder customers, while HEICO expands its aerospace and defense product portfolio.