Aerospace Group:

HEICO To Acquire Antenna Developer AeroAntenna

By Cal Biesecker

Wednesday, August 23rd, 2017

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Electronic component and product developer and manufacturer HEICO Corp. [HEI] on Aug. 18 announced its largest acquisition, a $336.5 million cash deal for AeroAntenna Technology Inc. (AAT) that would give the company a new product line.The cash price includes a $20 million earn out provision if the company meets its earnings targets. The deal price also includes $37 million to compensate AAT’s sellers for certain tax elections that will result in a net cash tax benefit to HEICO worth at least half that amount.…

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