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HEICO To Acquire Aircraft Aftermarket Parts Company Wencor For $2 Billion

Cal Biesecker By
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HEICO To Acquire Aircraft Aftermarket Parts Company Wencor For $2 Billion
Shawn Trogdon, CEO of Wencor Group. Photo: Wencor Group

HEICO Corp. [HEI] on Monday said it has agreed to acquire Wencor Group for nearly $2.1 billion in a deal that complements its business supply aftermarket parts for commercial and military aircraft. HEICO is paying $1.9 billion in cash and $150 million in stock to acquire Wencor from affiliates of Warburg Pincus LLC and the company’s management. The transaction is subject to regulatory approvals and is expected to close by the end of 2023. Wencor also provides distribution services, and…

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