HEICO Corporation Acquires Aircraft Interior Display Company
HEICO (HEI) has announced the acquisition of Rosen Aviation, through its Mid Continent Controls (MC2) subsidiary for an undisclosed cash amount. Rosen, based in Eugene, OR, specializes in designing and manufacturing in-flight entertainment products, particularly in-cabin displays and control panels for business and VVIP aviation markets.
The acquisition, HEICO's fourth in the past six months, is expected to be earnings accretive within the first year. Rosen will operate as a wholly-owned subsidiary of MC2, which focuses on proprietary in-cabin power and entertainment systems for business jets. The merger aims to achieve synergies by offering integrated aircraft interior IFE solutions combining both companies' product lines.
Founded in 1980, Rosen has established a strong presence in the business and VVIP aircraft markets, with its products installed as standard equipment across numerous in-production and legacy aircraft. Thomas Hemphill, MC2's President, will lead both operations under HEICO's Electronic Technologies Group's Radiant Power division.
HEICO (HEI) ha annunciato l'acquisizione di Rosen Aviation, tramite la sua controllata Mid Continent Controls (MC2), per un importo in contanti non divulgato. Rosen, con sede a Eugene, OR, è specializzata nella progettazione e produzione di prodotti per l'intrattenimento in volo, in particolare display e pannelli di controllo per i mercati dell'aviazione business e VVIP.
Questa acquisizione, la quarta per HEICO negli ultimi sei mesi, si prevede sarà profittevole già entro il primo anno. Rosen opererà come una controllata interamente posseduta da MC2, che si concentra su sistemi proprietari di alimentazione e intrattenimento a bordo per jet privati. La fusione mira a creare sinergie offrendo soluzioni integrate per l'intrattenimento interno degli aeromobili, combinando le linee di prodotto di entrambe le società.
Fondata nel 1980, Rosen ha consolidato una forte presenza nei mercati degli aeromobili business e VVIP, con i suoi prodotti installati come equipaggiamento standard su numerosi aeromobili in produzione e legacy. Thomas Hemphill, Presidente di MC2, guiderà entrambe le operazioni all'interno della divisione Radiant Power del gruppo Electronic Technologies di HEICO.
HEICO (HEI) ha anunciado la adquisición de Rosen Aviation, a través de su filial Mid Continent Controls (MC2), por un monto en efectivo no revelado. Rosen, con sede en Eugene, OR, se especializa en diseñar y fabricar productos de entretenimiento a bordo, especialmente pantallas y paneles de control para los mercados de aviación empresarial y VVIP.
Esta adquisición, la cuarta de HEICO en los últimos seis meses, se espera que sea rentable dentro del primer año. Rosen operará como una subsidiaria de propiedad total de MC2, que se enfoca en sistemas propietarios de energía y entretenimiento en cabina para jets ejecutivos. La fusión busca lograr sinergias ofreciendo soluciones integradas de entretenimiento interior para aeronaves que combinan las líneas de productos de ambas compañías.
Fundada en 1980, Rosen ha establecido una fuerte presencia en los mercados de aeronaves empresariales y VVIP, con sus productos instalados como equipo estándar en numerosas aeronaves en producción y legacy. Thomas Hemphill, presidente de MC2, dirigirá ambas operaciones bajo la división Radiant Power del grupo Electronic Technologies de HEICO.
HEICO (HEI)는 자회사인 Mid Continent Controls(MC2)를 통해 Rosen Aviation을 비공개 현금 금액으로 인수했다고 발표했습니다. 오리건주 유진에 본사를 둔 Rosen은 비즈니스 및 VVIP 항공 시장을 위한 기내 엔터테인먼트 제품, 특히 기내 디스플레이와 제어판 설계 및 제조를 전문으로 합니다.
이번 인수는 HEICO가 지난 6개월간 진행한 네 번째 인수로, 첫 해 내에 수익성 개선이 기대됩니다. Rosen은 비즈니스 제트기를 위한 독점 기내 전원 및 엔터테인먼트 시스템에 집중하는 MC2의 완전 자회사로 운영될 예정입니다. 이번 합병은 양사의 제품 라인을 결합한 통합 항공기 내부 IFE 솔루션을 제공하여 시너지를 창출하는 것을 목표로 합니다.
1980년에 설립된 Rosen은 비즈니스 및 VVIP 항공기 시장에서 강력한 입지를 구축했으며, 수많은 생산 중 및 구형 항공기에 표준 장비로 제품이 설치되어 있습니다. MC2의 사장인 Thomas Hemphill이 HEICO의 전자기술 그룹 내 Radiant Power 부문에서 양쪽 운영을 이끌 예정입니다.
HEICO (HEI) a annoncé l'acquisition de Rosen Aviation via sa filiale Mid Continent Controls (MC2) pour un montant en espèces non divulgué. Rosen, basée à Eugene, OR, est spécialisée dans la conception et la fabrication de produits de divertissement en vol, notamment des écrans et des panneaux de contrôle pour les marchés de l'aviation d'affaires et VVIP.
Cette acquisition, la quatrième de HEICO au cours des six derniers mois, devrait être bénéfique dès la première année. Rosen opérera en tant que filiale à 100 % de MC2, qui se concentre sur des systèmes propriétaires d'alimentation et de divertissement en cabine pour jets d'affaires. La fusion vise à créer des synergies en proposant des solutions intégrées de divertissement intérieur d'avion, combinant les gammes de produits des deux sociétés.
Fondée en 1980, Rosen a établi une forte présence sur les marchés des avions d'affaires et VVIP, avec ses produits installés en équipement standard sur de nombreux avions en production et legacy. Thomas Hemphill, président de MC2, dirigera les deux opérations au sein de la division Radiant Power du groupe Electronic Technologies de HEICO.
HEICO (HEI) hat die Übernahme von Rosen Aviation über seine Tochtergesellschaft Mid Continent Controls (MC2) für einen nicht genannten Barbetrag bekannt gegeben. Rosen mit Sitz in Eugene, OR, ist auf die Entwicklung und Herstellung von In-Flight-Entertainment-Produkten spezialisiert, insbesondere auf Kabinendisplays und Bedienfelder für den Geschäfts- und VVIP-Luftfahrtmarkt.
Die Übernahme, HEICOs vierte in den letzten sechs Monaten, wird voraussichtlich innerhalb des ersten Jahres ertragssteigernd sein. Rosen wird als hundertprozentige Tochtergesellschaft von MC2 betrieben, die sich auf proprietäre Strom- und Unterhaltungssysteme in der Kabine für Geschäftsflugzeuge konzentriert. Die Fusion zielt darauf ab, Synergien zu schaffen, indem integrierte IFE-Lösungen für Flugzeuginnenräume angeboten werden, die die Produktlinien beider Unternehmen kombinieren.
Rosen wurde 1980 gegründet und hat sich in den Märkten für Geschäfts- und VVIP-Flugzeuge eine starke Position erarbeitet, wobei seine Produkte als Standardausstattung in zahlreichen Flugzeugen in Produktion und im Bestand installiert sind. Thomas Hemphill, Präsident von MC2, wird beide Betriebe unter der Radiant Power Division der Electronic Technologies Group von HEICO leiten.
- Acquisition expected to be earnings accretive within first year
- Expands product portfolio in high-value business and VVIP aviation markets
- Synergistic integration potential between MC2 and Rosen product lines
- Rosen's established position with products as standard equipment on significant aircraft base
- Undisclosed acquisition cost creates uncertainty for investors
- Integration risks between two complex technical product lines
- Potential challenges in maintaining dual operation efficiency
Insights
HEICO's acquisition of Rosen Aviation strengthens its aviation IFE portfolio with accretive earnings expected within a year.
HEICO 's all-cash acquisition of Rosen Aviation represents another strategic move in the company's aggressive growth-by-acquisition approach, marking their fourth acquisition in just six months. While specific financial terms remain undisclosed, HEICO explicitly states the transaction is expected to be accretive to earnings within one year - a positive indicator for shareholder value.
The integration of Eugene-based Rosen Aviation, with its 45-year history developing in-flight entertainment products for high-end aviation markets, into HEICO's Mid Continent Controls subsidiary creates clear operational synergies. Both companies will now operate under HEICO's Electronic Technologies Group within the Radiant Power family, with unified leadership ensuring smooth integration.
This transaction strategically combines Rosen's expertise in in-cabin displays and control panels with MC2's specialized capabilities in in-cabin power and entertainment components. The combined entity can now offer more comprehensive IFE solutions to aircraft manufacturers, operators, completion centers, and subsystem suppliers.
Rosen's established position with products installed as standard equipment on both in-production and legacy aircraft provides HEICO with an expanded market footprint in the business and VVIP aviation segments. This acquisition perfectly aligns with HEICO's proven strategy of acquiring specialized aviation businesses that complement its existing portfolio while expanding its technological capabilities.
HEICO strengthens business aviation IFE capabilities by combining Rosen's displays with MC2's power systems for comprehensive solutions.
HEICO's acquisition of Rosen Aviation represents a significant strategic enhancement of its in-flight entertainment capabilities specifically tailored to the business and VVIP aviation markets. With Rosen's 45-year pedigree in designing and manufacturing in-cabin displays and control panels, HEICO gains immediate access to established product lines already installed as standard equipment across numerous aircraft platforms.
The integration with Mid Continent Controls (MC2) creates powerful technological synergies by combining Rosen's display expertise with MC2's specialized in-cabin power and entertainment components. The announcement explicitly identifies these complementary capabilities as enabling "a larger set of aircraft interior IFE solutions integrating their respective products to offer state-of-the-art designs and equipment."
Rosen will operate as a wholly-owned subsidiary of MC2, with Thomas Hemphill leading both operations, ensuring unified vision while maintaining Rosen's established market presence. Both companies now function within HEICO's Electronic Technologies Group under the Radiant Power family of companies.
This acquisition strengthens HEICO's ability to serve multiple customer segments - aircraft manufacturers, operators, completion centers, and subsystem suppliers - with more comprehensive integrated solutions. By acquiring Rosen's innovative product lines that are already standard equipment on a significant aircraft base, HEICO immediately expands its footprint in the specialized business and VVIP aviation interior markets.
HOLLYWOOD, FL, EUGENE, OR AND DERBY, KS / ACCESS Newswire / April 21, 2025 / HEICO Corporation today announced that its Mid Continent Controls, Inc. ("MC2") subsidiary acquired all of the ownership interests of Rosen Aviation, LLC ("Rosen") for cash consideration paid at closing. Further terms and financial details were not disclosed.
HEICO stated that it expects the acquisition to be accretive to its earnings within the year following acquisition. The transaction marks HEICO's fourth acquisition in the past six months.
Eugene, OR-based Rosen designs and manufactures in-flight entertainment (IFE) products, principally in-cabin displays and control panels, for the business and VVIP aviation markets. The company will operate as a wholly-owned subsidiary of MC2, which is a niche designer and manufacturer specializing in proprietary in-cabin power and entertainment components and subsystems for business jets.
The two businesses believe they can achieve important synergies, including, but not limited to, offering a larger set of aircraft interior IFE solutions integrating their respective products to offer state-of-the art designs and equipment to aircraft manufacturers, operators, completion centers and sub-system suppliers.
Founded 45 years ago in 1980, Rosen enjoys a unique pedigree in the business and VVIP aircraft markets through its widely recognized and innovative product lines installed as standard equipment on a significant aircraft base of both in-production and legacy aircraft.
MC2 and Rosen are part of the HEICO Electronic Technologies Group's Radiant Power family of companies. Thomas Hemphill, MC2's President, will lead both businesses.
Mesirow acted as sole financial advisor to the sellers.
HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.
Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats, such as the COVID-19 pandemic; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase to our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of our information technology systems could adversely affect our business; and our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission, including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
Contact: |
| Victor H. Mendelson |
| (305) 374-1745 ext. 7590 |
|
| Carlos L. Macau, Jr. |
| (954) 987-4000 ext. 7570 |
SOURCE: HEICO
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