HEICO Corporation announced that it has agreed to acquire 80.1 percent of the operating units of Air Cost Control (A2C). A2C's founders will retain a 19.9 percent ownership in the business. With operations in France, Germany and the US, A2C is an aviation electrical interconnect product distributor serving air craft manufacturers, sub-tier suppliers and MRO organizations. The transaction is expected to be closed within 30 to 45 days subject to foreign governmental approvals and standard closing conditions. Deal terms were not disclosed.
We provide you with the latest news on acquisitions in the Defense and Government markets. Make sure to subscribe to our weekly deal updates: