Heico Corp. HEI announced Monday an agreement to buy commercial and military aircraft aftermarket company Wencor Group in a deal valued at $2.05 billion from affiliates of investor Warburg Pincus and Wencor’s management. Under terms of the deal, Heico will pay $1.9 billion in cash and $150 million in Heico common stock.
05 billion from affiliates of investor Warburg Pincus and Wencor’s management. Under terms of the deal, Heico will pay $1.9 billion in cash and $150 million in Heico common stock. Heico which makes products for the aviation, space, defense, medical, telecommunications and electronics industries, said it believes the acquisition will add to its earnings within the year following closing, which is expected to occur by the end of 2023. Heico’s stock was still inactive in the premarket.