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Stock impact report

HEICO Corporation Subsidiary Acquires Decavo, LLC

Heico Corporation (HEI) 
Last heico corporation earnings: 2/25 04:15 pm Check Earnings Report
US:NYSE Investor Relations: heico.com/investors
Company Research Source: Business Wire
HEICO’s 7th Acquisition in the Past 12 Months HOLLYWOOD, Fla. & HOOD RIVER, Ore.--(BUSINESS WIRE)-- HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) today announced that its Flight Support Group acquired 80.1% of Decavo, LLC (“Decavo”) in an all cash transaction. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following the purchase. Further financial terms and details were not disclosed. Hood River, Oregon-based Decavo designs and produces complex composite parts and assemblies incorporated into camera and related sensor assemblies and UAV airframes used in demanding defense and civilian applications. Decavo employs approximately 40 team members in Hood River, Oregon and was founded in 2009. Decavo’s expertise includes engineering and manufacturing complex composites with unique structural and electromagnetic interference characteri Show less Read more
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