# 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.

- Type: Acquisition
- Announced: 2023-05-15
- Where: United States
- Value: $2.05B
- Status: announced
- Products: aircraft replacement parts, aftermarket parts, repair and overhaul services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Warburg Pincus](https://endata.com/companies/609.md) (investor)
- [Wencor Group](https://endata.com/companies/1245.md) (target)
- [HEICO Corporation](https://endata.com/companies/22707.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/46619/000095014223001445/eh230358705_ex9901.htm), 2023-05-15: "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."
- [reuters.com](https://www.reuters.com/legal/transactional/aerospace-supplier-heico-buy-wencor-deal-valued-205-bln-2023-05-15/), 2023-05-15: "Aerospace supplier HEICO Corp said on Monday it will buy Wencor Group in a deal valued at $2.05 billion to boost its portfolio of generic parts."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.