HEICO Corp. announced that it has entered into an agreement to acquire Robertson Fuel Systems LLC from affiliates of PE firm American Securities LLC for a purchase price of $255M. The deal is subject to an HSR review and is expected to close within 60 days.
Tempe, Arizona-based Robertson is a provider of ballistically self-sealing auxillary fuel systems for military rotorcraft. The company's fuel systems are incorporated in over 50 different aircraft and ground vehicle platforms including the AH-64 Apache, CH-47 Chinook, UH-60 Black Hawk, and V-22 Osprey.
Advisors include Moelis & Company, SunTrust Securities, and Kaye Scholer LLP for Robertson and American Securities, and UBS and Akerman LLP for HEICO.
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