HEICO Corporation to Acquire Leading Electric Power Generation Component Repair Companies

Core Viewpoint - HEICO Corporation's subsidiary, Wencor Group, is acquiring EthosEnergy Accessories and Components Limited and EthosEnergy Accessories and Components, LLC, which is expected to enhance HEICO's presence in the aeroderivative gas turbine market and support global energy demand growth [1][4]. Group 1: Acquisition Details - The acquisition is subject to governmental approval and standard closing conditions, with an expected closing in the first quarter of fiscal 2026 [1]. - Financial details of the transaction were not disclosed [1]. Group 2: Impact on Earnings - Ethos A&C is anticipated to be accretive to HEICO's earnings within the year following the closing of the acquisition [2]. Group 3: Company Background - Ethos A&C has been operational since 1979 and is recognized as a leading provider of engine component and accessory repair solutions for the aeroderivative gas turbine, aerospace, and defense markets [3]. - The company employs 175 individuals across three locations in Connecticut, South Carolina, and Scotland, covering over 175,000 square feet [3]. Group 4: Strategic Importance - The acquisition will significantly increase HEICO's footprint in the aeroderivative industrial gas turbine market, aligning with the growing global energy demand driven by advancements in AI [4]. - Ethos A&C will continue to operate as a standalone entity within Wencor, enhancing service offerings and expanding the global Maintenance, Repair, and Overhaul footprint [4]. Group 5: Company Operations - HEICO Corporation specializes in the design, production, servicing, and distribution of products and services across various niche segments, including aviation, defense, space, medical, telecommunications, and electronics [5]. - The company serves a diverse customer base, including major airlines, overhaul shops, defense contractors, and military agencies worldwide [5].