Sign In
Search
Business/Financial

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

Cal Biesecker By
SHARE:
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…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Federal Spending On Venture And Private Equity-Backed Companies Increased In FY ‘25

Business/Financial

DoD Awards DPA Funds To Solid Rocket Motor Component Supplier PacSci

Business/Financial

York Space Systems To Acquire Space Solar Tech Company Solestial To Shore Up Supply Chain

Business/Financial

Parker Hannifin To Acquire CIRCOR Aerospace From KKR For $2.6 Billion

Trending

Marine Corps Explores Adding Second Supplier For ‘Production-Ready’ JLTVs
Space Force Awards Viasat And Intelsat General $438 Million For Continued Work On PTS-G
Defense Watch: Sub Deal Soon, Mach Buy, THAAD Investment, CUAS Marketplace
DoD Opens $30 Million Prize Challenge For Autonomous Non-Tactical Vehicles
Rocket Lab To Design, Build And Operate Two GEO Satellites For Space Domain Awareness Under $90 Million Contract

Congress Updates

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

Navy/USMC

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]

Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

A draft defense policy bill released this week says the Army is fielding counter-drone capabilities for defense of fixed sites and maneuver forces but suggests that troops at the lowest […]

Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

The House Armed Services Committee (HASC) wants a closer look at the Army’s Soldier Borne Mission Command (SBMC) effort, citing support for the development program while expressing caution to avoid […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume