Heico (HEI) Acquires Mid Continent Controls

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Go back to Heico (HEI) Acquires Mid Continent Controls

HEICO Corporation Acquires Leading Business Jet In-Cabin Component Maker

October 21, 2024 8:34 AM EDT

MIAMI, FL and DERBY, KS / ACCESSWIRE / October 21, 2024 / HEICO Corporation (NYSE: HEI.A)(NYSE: HEI) today announced that its Electronic Technologies Group acquired approximately 88% of Mid Continent Controls, Inc. ("MC2") for cash at closing. Key MC2 managers will continue to own the balance of the company. Additional financial details were not disclosed.

HEICO stated that it expects the acquisition to be accretive to its earnings within the year following the acquisition.

Derby, KS-based MC2 is a niche designer and manufacturer specializing in proprietary in-cabin power and... More