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Business/Financial

HEICO To Acquire Military Fuels System Company Robertson

By Cal Biesecker

Monday, December 21st, 2015

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HEICO To Acquire Military Fuels System Company Robertson

HEICO Chairman and CEO Laurans Mendelson. Photo: HEICO

HEICO Corp. [HEI] on Monday said its Electronic Technologies Group has agreed to acquire Robertson Fuel Systems, LLC for $255 million in cash, adding to its portfolio in the aerospace and defense markets.The acquisition is subject to regulatory approval and is expected to close within two months. HEICO expects the acquisition to increase earnings within the year following closing of the deal.Robertson Fuel Systems is a portfolio company of the private equity firm American Securities LLC. The company designs and…

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