HEICO to Acquire Robertson Fuel Systems from American Securities LLC

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.