HEICO Corporation Completes EthosEnergy Accessories and Components Acquisition
Rhea-AI Summary
HEICO (NYSE:HEI) completed the acquisition of EthosEnergy Accessories and Components ("Ethos A&C") through its Flight Support Group subsidiary Wencor on February 5, 2026. Ethos A&C repairs aeroderivative gas turbine accessories and components, operates three leased facilities (CT, SC, Scotland) with 175 employees and ~175,000 sq ft.
The company said Ethos A&C is expected to be accretive to HEICO's earnings within the year following closing; other financial terms were not disclosed.
Positive
- Earnings accretion expected within one year
- Expanded aeroderivative capability across accessories and engine components
- 175 employees and roughly 175,000 sq ft added across three locations
- Global footprint extended with U.S. and Scotland facilities
Negative
- Transaction financial terms were not disclosed, limiting visibility into purchase price and financing
- Integration of Ethos A&C operations could create near-term execution risk for Wencor and HEICO
Key Figures
Market Reality Check
Peers on Argus
HEI fell 2.94% with sector peers also down (e.g., LHX -3.72%, ESLT -5.55%, TDG -1.36%, HWM -2.08%, GD -0.62%), but no peers appeared in the momentum scanner.
Previous Acquisition Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 27 | Acquisition completion | Positive | +0.7% | Closed Axillon Fuel Containment acquisition, expected to be earnings accretive within year. |
| Dec 16 | Acquisition agreement | Positive | -0.6% | Announced agreement to acquire Ethos A&C, with expected earnings accretion post-closing. |
| Nov 10 | Acquisition agreement | Positive | +2.4% | Agreed to buy Axillon Fuel Containment for cash, with accretive earnings expectations. |
| Jul 24 | Acquisition announcement | Positive | -0.3% | Acquired avionics maker Gables Engineering in cash deal, targeting growth in controls. |
| Apr 21 | Acquisition announcement | Positive | -3.1% | Bought Rosen Aviation, an aircraft interior display company, expected earnings accretive. |
Acquisition headlines are consistently framed as earnings-accretive, but share reactions have been mixed, with more instances of negative than positive next-day moves.
Over the past year, HEICO has pursued multiple acquisitions, typically highlighting expected earnings accretion within a year. Deals have spanned fuel containment, avionics, interior displays and power-generation component repair. Market reactions to these acquisition announcements have varied, from a 2.36% gain on Nov 10, 2025 to a 3.06% decline on Apr 21, 2025. Today’s completion of the Ethos A&C deal follows the previously announced agreement and fits this ongoing bolt-on acquisition strategy.
Historical Comparison
In the last 5 acquisition headlines, HEI’s average next-day move was -0.18%. Today’s -2.94% reaction to another earnings-accretive deal is weaker than that history.
Recent history shows a steady cadence of bolt-on acquisitions, often announced first and later completed, including Axillon Fuel Containment and now the closing of the Ethos A&C transaction.
Market Pulse Summary
This announcement finalizes the acquisition of Ethos A&C, expanding HEICO’s reach in aeroderivative gas turbine parts and accessory repairs. The deal is expected to be accretive to earnings within the year following closing and adds 175 employees across 175,000 square feet of facilities. In context of HEICO’s active acquisition program, investors may track integration progress, contribution to Flight Support Group capabilities, and any follow-on disclosures in future SEC filings or earnings updates.
Key Terms
aeroderivative gas turbine technical
fuel nozzles technical
wire harnesses technical
plenum assemblies technical
AI-generated analysis. Not financial advice.
Expands HEICO into Aeroderivative Gas Turbine Parts
MIAMI, FLORIDA / ACCESS Newswire / February 5, 2026 / HEICO Corporation (NYSE:HEI.A, HEI) today announced that its Flight Support Group subsidiary, Wencor Group, LLC ("Wencor"), completed its previously announced acquisition of EthosEnergy Accessories and Components Limited and EthosEnergy Accessories and Components, LLC ("Ethos A&C").
Ethos A&C is expected to be accretive to HEICO's earnings within the year following closing. Other transaction terms and financial details were not disclosed.
Ethos A&C repairs a large portfolio of engine accessories including fuel nozzles, wire harnesses, starters, valves, plenum assemblies, air diffusers, and engine components including blades, vanes, seals, and other related components.
Ethos A&C has grown from its inception in 1979 into a leading provider of engine component and accessory repair solutions for the aeroderivative gas turbine, aerospace, and defense markets. Ethos A&C has 175 employees at three leased locations in Connecticut, South Carolina and Scotland, spanning over 175,000 square feet.
Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, together with Shawn Trogdon, Wencor's Chief Executive Officer, commented: "We are excited to welcome Ethos A&C to the Wencor and HEICO families. Bringing our teams together strengthens our capabilities in the aeroderivative industrial gas turbine market and expands our ability to serve customers worldwide as energy demand continues to grow."
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; 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 information technology systems could adversely affect our business; 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; 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; and defense spending or budget cuts, which could reduce our defense-related revenue. 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: | Eric A. Mendelson (954) 744-7550 |
SOURCE: HEICO Corporation
View the original press release on ACCESS Newswire
FAQ
What did HEICO (HEI) acquire from EthosEnergy on February 5, 2026?
Will the Ethos A&C acquisition be accretive to HEICO (HEI) earnings and when?
What capabilities and products does Ethos A&C bring to HEICO (HEI)?
Did HEICO (HEI) disclose the purchase price or financial terms for Ethos A&C?
How might the Ethos A&C acquisition affect HEICO's (HEI) geographic and customer reach?
