HEICO agrees to acquire Wencor Group for $2.05 billion

HEICO Corporation entered into an agreement to acquire Wencor Group from Warburg Pincus and management for $1.9 billion in cash and $150 million in stock, totaling $2.05 billion. Wencor will become part of HEICO's Flight Support Group.

“HEICO Corporation today announced that it entered into an agreement to acquire Wencor Group from affiliates of Warburg Pincus LLC and Wencor's management for $1.9 billion in cash and $150 million in HEICO Class A Common Stock to be paid at closing, or $2.05 billion in the aggregate.”sec.gov

• 2 sources
• sec.govMay 15, 2023
• reuters.comHEICO to buy Wencor for $2 bln to boost aircraft generic parts portfolioAbhijith GanapavaramMay 15, 2023

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