HEICO Corporation Acquires Majority of Camtronics LLC Operating Assets

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 Acquires Accurate Metal Machining, Inc.

July 19, 2022

Aerospace & Defense

HEICO Corporation’s Flight Support Group acquired a 96% stake in Accurate Metal Machining, Inc., a Cleveland-based manufacturer of high-reliability components for aerospace, defense and semiconductor equipment, for cash at closing plus potential additional performance-based consideration. Accurate, founded in 1976 and employing approximately 250 people, will continue to be led by its existing management and remain largely unchanged operationally while adding capabilities to HEICO's Specialty Products Group.

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 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.

Lucix (HEICO) Acquires Flight Microwave Corporation

March 14, 2022

Aerospace & Defense

Lucix, a subsidiary of HEICO Corporation, acquired 100% of the stock of Flight Microwave Corporation in an all-cash transaction; financial terms were not disclosed. Flight Microwave, a designer and manufacturer of custom high-power RF filters and filter assemblies for space and defense applications based in El Segundo, California, will operate as part of Lucix and is expected to be integrated into Lucix's Camarillo, California engineering and production center.

HEICO Corporation Acquires Sensor Systems, Inc.

August 11, 2022

Aerospace & Defense

HEICO Corporation's Electronic Technologies Group acquired all of the stock of Sensor Systems, Inc. in a transaction using cash and approximately 575,000 HEICO Class A common shares. Sensor, a Chatsworth, California-based designer and manufacturer of airborne antennas (approximately 200 employees), will continue operating under its current name and location; HEICO expects the acquisition to be accretive to earnings in the year following the acquisition.