Purchases Expand HEICO into Aeroderivative Gas Turbine Parts
MIAMI, FL / ACCESS Newswire / December 16, 2025 / HEICO Corporation
$(HEI.A)$ and $(HEI)$ today announced that its Flight Support
Group subsidiary, Wencor Group, LLC ("Wencor"), entered into an
agreement to acquire EthosEnergy Accessories and Components Limited and
EthosEnergy Accessories and Components, LLC ("Ethos A&C"). Closing is
subject to governmental approval and standard closing conditions and is
expected to occur in the first quarter of fiscal 2026. Transaction terms
and financial details were not disclosed.
Ethos A&C is expected to be accretive to HEICO's earnings within the
year following closing.
Ethos A&C repairs a large portfolio of engine accessories including fuel
nozzles, wire harnesses, starters, valves, plenum assemblies, air
diffusers, and engine components including blades, vanes, seals, and
other related components.
Ethos A&C has grown from its inception in 1979 into a leading provider
of engine component and accessory repair solutions for the
aeroderivative gas turbine, aerospace, and defense markets. Ethos A&C
has 175 employees at three leased locations in Connecticut, South
Carolina and Scotland, spanning over 175,000 square feet.
Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and
Co-Chief Executive Officers, along with Shawn Trogdon, Wencor's Chief
Executive Officer, jointly commented: "We proudly welcome Ethos A&C to
the Wencor and HEICO families. This acquisition will enable us to
substantially increase our presence in the aeroderivative industrial gas
turbine market, supporting fast-growing global energy demand fueled by
the AI revolution. Ethos will remain as a standalone entity within
Wencor and will expand our capabilities and service offerings to our
customers as well as grow our global Maintenance, Repair and Overhaul
footprint.
Rikki Blair, Ethos A&C's Senior Operations Director, commented: "We are
very excited to join the Wencor and HEICO families. The culture, values,
and commitment to customers, suppliers and team members at HEICO is
something that we will continue to carry forward. Ethos will continue to
provide our customers with the exceptional customer service and
high-quality repairs that they have become accustomed to receiving."
HEICO Corporation is engaged primarily in the design, production,
servicing and distribution of products and services to certain niche
segments of the aviation, defense, space, medical, telecommunications
and electronics industries through its Hollywood, Florida-based Flight
Support Group and its Miami, Florida-based Electronic Technologies
Group. HEICO's customers include a majority of the world's airlines and
overhaul shops, as well as numerous defense and space contractors and
military agencies worldwide, in addition to medical, telecommunications
and electronics equipment manufacturers. For more information about
HEICO, please visit our website at www.heico.com.
Certain statements in this press release constitute forward-looking
statements, which are subject to risks, uncertainties and contingencies.
HEICO's actual results may differ materially from those expressed in or
implied by those forward-looking statements. Factors that could cause
such differences include, among others: the severity, magnitude and
duration of public health threats; our liquidity and the amount and
timing of cash generation; lower commercial air travel, airline fleet
changes or airline purchasing decisions, which could cause lower demand
for our goods and services; product specification costs and requirements,
which could cause an increase to our costs to complete contracts;
governmental and regulatory demands, export policies and restrictions,
reductions in defense, space or homeland security spending by U.S.
and/or foreign customers or competition from existing and new
competitors, which could reduce our sales; our ability to introduce new
products and services at profitable pricing levels, which could reduce
our sales or sales growth; product development or manufacturing
difficulties, which could increase our product development and
manufacturing costs and delay sales; cybersecurity events or other
disruptions of information technology systems could adversely affect our
business; our ability to make acquisitions, including obtaining any
applicable domestic and/or foreign governmental approvals, and achieve
operating synergies from acquired businesses; customer credit risk;
interest, foreign currency exchange and income tax rates; economic
conditions, including the effects of inflation, within and outside of
the aviation, defense, space, medical, telecommunications and
electronics industries, which could negatively impact our costs and
revenues; and defense spending or budget cuts, which could reduce our
defense-related revenue. Parties receiving this material are encouraged
to review all of HEICO's filings with the Securities and Exchange
Commission, including, but not limited to filings on Form 10-K, Form
10-Q and Form 8-K. We undertake no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise, except to the extent required
by applicable law.
Contact:
Eric A. Mendelson (954) 744-7550
Carlos L. Macau (954) 744-7562
SOURCE: HEICO Corporation
View the original press release on ACCESS Newswire
(END) Dow Jones Newswires
December 16, 2025 10:24 ET (15:24 GMT)
Comments