HEICO Corporation’s Flight Support Group subsidiary, Wencor Group, LLC, closed its acquisition of EthosEnergy Accessories and Components Limited and EthosEnergy Accessories and Components, LLC on February 5 2026. The deal adds 175 employees and three leased facilities in Connecticut, South Carolina, and Scotland to HEICO’s operations, though the transaction price was not disclosed.
The acquisition brings EthosEnergy’s expertise in repairing engine accessories and components into HEICO’s existing Parts Manufacturer Approval (PMA) and Maintenance, Repair, and Overhaul (MRO) capabilities. By adding a complementary technology platform and a new customer base, HEICO broadens its footprint in the aeroderivative gas turbine parts market, a segment that is experiencing growing demand for high‑performance turbine parts.
Financially, the transaction is expected to be accretive to earnings within one year of closing. HEICO’s Q4 2025 results already demonstrated the company’s ability to beat expectations, with earnings per share of $1.33 versus the consensus estimate of $1.22 and revenue of $1.21 billion versus the $1.17 billion forecast. The added technology and customer relationships from EthosEnergy are positioned to reinforce this trend across both the Flight Support Group and the Electronic Technologies Group.
Co‑Chairmen Eric A. Mendelson and Victor H. Mendelson, along with Wencor CEO Shawn Trogdon, highlighted the strategic fit of the acquisition. They noted that the combined teams would strengthen HEICO’s capabilities in the aeroderivative industrial gas turbine market and expand the company’s ability to serve customers worldwide, especially as energy demand continues to rise.
Analysts have observed HEICO’s strong organic and inorganic growth, noting that the company’s disciplined capital allocation—using operating cash flow for growth and debt for accretive acquisitions—has been a key driver of its recent performance. The acquisition aligns with HEICO’s strategy of expanding its aftermarket presence and enhancing its competitive moat in the PMA space.
The deal also diversifies HEICO’s product mix, reducing cyclicality and reinforcing its position in the commercial aerospace aftermarket. By integrating EthosEnergy’s operations, HEICO is poised to leverage synergies across its Flight Support Group and Electronic Technologies Group, further supporting its long‑term growth strategy.
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