HEICO Corporation Acquires Wencor Group from Warburg Pincus and Wencor Management for $2.05B

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.

Platinum Equity Affiliate Acquires Wesco Aircraft and Combines It with Pattonair

January 9, 2020

Aerospace & Defense

An affiliate of Platinum Equity completed the acquisition of Wesco Aircraft Holdings Inc. for approximately $1.9 billion and immediately combined Wesco with Platinum Equity portfolio company Pattonair. The combination creates a roughly $2.4 billion, global aerospace supply-chain and distribution business headquartered in Valencia, California, with operations across 17 countries and more than 4,000 employees to expand scale, product breadth and supply‑chain capabilities.

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 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.

HEICO Corporation Acquires Majority of Camtronics LLC Operating Assets

June 24, 2021

Aerospace & Defense

HEICO Corporation’s Flight Support Group acquired 80.1% of the operating assets of Camtronics LLC for cash. The Tulsa-based FAA Part 145 repair station — which employs 36 people and performs proprietary FAA-DER repairs for commercial and cargo airlines — will continue operating in its current location with founder David Campbell remaining as VP and General Manager; the Campbell family retains ownership stakes.

HEICO Corporation Acquires Connect Tech Inc.

August 19, 2020

Manufacturing

HEICO Corporation's Electronic Technologies Group acquired 89.99% of Connect Tech Inc. for cash, with potential additional earn-out consideration. Connect Tech will continue operating from its 20,000-square-foot facility in Guelph, Ontario; founder David Worthen remains president and retains the minority stake, and the business (≈65 employees) will support HEICO's capabilities in rugged embedded computing for aerospace, defense, transportation and smart energy markets.