Press Release: Wencor : HEICO Corporation Agrees to Make Major and Highly Complementary Acquisition ...

(PR-inside.com) HOLLYWOOD, FL and PEACHTREE CITY, GA / ACCESSWIRE / May 15, 2023 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that it entered into an agreement to acquire Wencor Group ("Wencor") from affiliates of Warburg Pincus LLC and Wencor's management for $1.9 billion in cash and $150 million in HEICO Class A Common Stock1 to be paid at closing, or $2.05 billion in the aggregate. The transaction will be HEICO's largest ever in purchase price, as well as revenues and income acquired. Wencor will become part of HEICO's Flight Support Group. HEICO stated that it expects the highly synergistic acquisition to be ..