HEICO Corporation to Acquire Storied Aviation and Defense Company
HEICO (NYSE:HEI) agreed to acquire Axillon Aerospace's Fuel Containment business for cash, with financial terms not disclosed. HEICO said the deal is expected to be accretive to earnings within the year following closing. Closing is subject to customary conditions, including Hart-Scott-Rodino clearance, and is expected in the first calendar quarter of 2026. Axillon Fuel Containment, based in Rockmart, GA, employs approximately 530 people in a nearly 600,000 square foot facility and makes MIL‑SPEC, crashworthy and often ballistically tolerant fuel cells used on many US military aircraft and defense platforms.
Axillon Fuel Containment will remain at its current facilities, keep its management team, and change its name post-closing; SK Capital will retain Axillon's Engineered Composites business.
HEICO (NYSE:HEI) ha accettato di acquisire l'attività di Containment Fuel di Axillon Aerospace in contanti, con termini finanziari non divulgati. HEICO ha dichiarato che l'accordo dovrebbe essere accretive agli utili entro l'anno successivo alla chiusura. La chiusura è soggetta a condizioni ordinarie, inclusa l'autorizzazione Hart-Scott-Rodino, e si prevede nel primo trimestre solare del 2026. Axillon Fuel Containment, con sede a Rockmart, GA, impiega circa 530 persone in una struttura quasi di 600.000 piedi quadrati e produce celle di combustibile MIL‑SPEC, anti-urto e spesso tolleranti balisticamente utilizzate su molti aerei militari degli Stati Uniti e piattaforme difensive.
Axillon Fuel Containment rimarrà nelle attuali strutture, manterrà il suo team di gestione e cambierà nome dopo la chiusura; SK Capital manterrà l'attività Engineered Composites di Axillon.
HEICO (NYSE:HEI) acordó adquirir el negocio de Contención de Combustible de Axillon Aerospace por efectivo, con términos financieros no divulgados. HEICO dijo que el acuerdo se espera que sea acretivo para las ganancias dentro del año siguiente al cierre. El cierre está sujeto a condiciones habituales, incluyendo la aprobación Hart-Scott-Rodino, y se espera en el primer trimestre del calendario de 2026. Axillon Fuel Containment, con sede en Rockmart, GA, emplea aproximadamente a 530 personas en una instalación de casi 600,000 pies cuadrados y fabrica celdas de combustible MIL‑SPEC, a prueba de choques y a menudo tolerantes balísticamente, utilizadas en muchas aeronaves militares de EE. UU. y plataformas de defensa.
Axillon Fuel Containment permanecerá en sus instalaciones actuales, mantendrá a su equipo directivo y cambiará su nombre tras el cierre; SK Capital conservará el negocio Engineered Composites de Axillon.
HEICO (NYSE:HEI)가 Axillon Aerospace의 연료 격리(Fuel Containment) 사업을 현금으로 인수하기로 합의했으며, 재무 조건은 비공개다. HEICO는 거래가 종결 후 1년 이내에 수익에 기여할 것으로 예상된다고 밝혔다. 종결은 관례적 조건을 포함하며 Hart-Scott-Rodino 승인을 포함하고, 2026년 1분기에 있을 것으로 예상된다. 로크마트, GA에 본사를 둔 Axillon Fuel Containment은 약 530명을 고용하고 있으며 nearly 600,000 제곱피트의 시설에서 MIL‑SPEC, 충격에 강하고 종종 탄도에 관대하다고 여겨지는 연료전지를 제조하여 미국의 많은 군용 항공기 및 방위 플랫폼에 사용된다.
Axillon Fuel Containment은 현재 시설에 남아서 경영진을 유지하고 종결 후 이름을 변경하며, SK Capital은 Axillon의 Engineered Composites 사업을 유지한다.
HEICO (NYSE:HEI) a accepté d'acquérir les activités de containment de carburant d'Axillon Aerospace contre espèces, les conditions financières non divulguées. HEICO a indiqué que l'accord devrait être porteur de synergies sur les bénéfices dans l'année suivant la clôture. La clôture est soumise à des conditions habituelles, y compris l'approbation Hart-Scott-Rodino, et devrait intervenir au premier trimestre civil de 2026. Axillon Fuel Containment, basé à Rockmart, GA, emploie environ 530 personnes dans une installation d'environ 600 000 pieds carrés et fabrique des piles à combustible MIL‑SPEC, anti-choc et souvent tolérantes balistiquement, utilisées sur de nombreux avions militaires américains et plateformes de défense.
Axillon Fuel Containment restera dans ses installations actuelles, conservera son équipe de direction et changera de nom après la clôture; SK Capital conservera l'activité Engineered Components d'Axillon.
HEICO (NYSE:HEI) hat der Übernahme des Fuel Containment-Geschäfts von Axillon Aerospace in barer Zahlung zugestimmt, wobei finanzielle Bedingungen nicht offengelegt wurden. HEICO sagte, dass der Deal voraussichtlich ertragsteigernd in den Gewinn im Jahr nach dem Abschluss sein wird. Der Abschluss unterliegt üblichen Bedingungen, einschließlich Hart-Scott-Rodino-Genehmigung, und wird voraussichtlich im ersten Kalenderquartal 2026 erfolgen. Axillon Fuel Containment hat seinen Sitz in Rockmart, GA, beschäftigt ungefähr 530 Mitarbeiter in einer nahezu 600.000 Quadratfuß großen Anlage und stellt MIL‑SPEC, schockresistente und oft ballistisch tolerante Kraftstoffzellen her, die in vielen US-Militärflugzeugen und Verteidigungsplattformen eingesetzt werden.
Axillon Fuel Containment wird an seinen derzeitigen Standorten bleiben, sein Management-Team behalten und nach dem Abschluss seinen Namen ändern; SK Capital wird Axillons Engineered Composites-Geschäft behalten.
HEICO (NYSE:HEI) وافقت على الاستحواذ على نشاط احتواء الوقود في Axillon Aerospace نقداً، مع شروط مالية غير معلنة. وقالت HEICO إن الصفقة من المتوقع أن تكون مضافة للأرباح خلال السنة التالية للإغلاق. الإغلاق خاضع لظروف اعتيادية، بما في ذلك اعتماد Hart-Scott-Rodino، ومن المتوقع أن يكون في الربع الأول من تقويم 2026. Axillon Fuel Containment، ومقره روكمارْت، جورجيا، يوظف حوالي 530 موظفاً في منشأة تقارب 600,000 قدم مربع ويصنع خلايا وقود MIL‑SPEC ومقاومة للصدمات وغالباً ما تكون تقبل الرصاص، وتستخدم في العديد من الطائرات العسكرية الأمريكية ومنصات الدفاع.
سيظل Axillon Fuel Containment في منشآته الحالية، ويحافظ على فريقه الإداري، وسيغير اسمه بعد الإغلاق؛ ستحتفظ SK Capital بعمل Axillon's Engineered Composites.
- Deal expected accretive to earnings within one year
- Adds ~530 employees and a nearly 600,000 sq ft engineering and manufacturing facility
- Mission‑critical MIL‑SPEC products used across major US military aircraft and defense platforms
- Financial terms not disclosed, leaving purchase price and financing impact unclear
- Closing subject to Hart‑Scott‑Rodino clearance, creating regulatory timing risk
- Integration and name change risks despite statement that no material staff turnover is expected
Insights
HEICO's Electronic Technologies Group will buy Axillon Fuel Containment, a mission-critical MIL-SPEC fuel-cell maker; closing expected in
HEICO acquires a specialized supplier with established military and commercial aircraft pedigrees and roughly 530 employees based in Rockmart, GA. The business supplies crashworthy and often ballistically tolerant fuel cells used across many US-built platforms, and it will remain at its existing facilities under current management after closing. HEICO signaled the deal will be cash-paid at closing and expects the transaction to be accretive to earnings within the year after closing.
The main dependencies are regulatory clearance under the Hart-Scott-Rodino Act and customary closing conditions; financial terms were not disclosed. Monitor completion of HSR clearance and the announced post-closing name, plus any disclosed purchase price or integration costs, for concrete financial impact in the near term.
Agrees to acquire Axillon Fuel Containment
ROCKMART, GA AND MIAMI, FL / ACCESS Newswire / November 10, 2025 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Electronic Technologies Group has agreed to acquire Axillon Aerospace's Fuel Containment Business ("Axillon Fuel Containment") from affiliates of SK Capital Partners, LP ("SK Capital") for cash payable at closing. Financial terms and details were not disclosed. SK Capital will continue to own Axillon Aerospace's Engineered Composites business.
HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing.
Axillon Fuel Containment is the leading military specification ("MIL-SPEC") fuel-cell designer and manufacturer for US-built military aircraft, as well as certain commercial aircraft and military ground vehicles. Its products provide crashworthy and, often, ballistically tolerant fuel cells on a broad range of aircraft and defense systems, including, among many others, the F-16, F-15, F/A-18, CH-47 Chinook, KC 135, B-52, AH-64 Apache, V-22 Osprey and the Bradley Fighting Vehicle. Axillon Fuel Containment also makes sealants used in aerospace and defense applications.
Originally part of Goodyear Tire & Rubber, Axillon Fuel Containment pioneered self-sealing fuel tanks during World War II and later created the world's first crashworthy fuel-cell. Its products are mission-critical and life-saving items relied on by the US military, along with numerous aircraft and defense manufacturers.
Based in Rockmart, GA, Axillon Fuel Containment employs approximately 530 people in the business' nearly 600,000 square foot engineering, manufacturing and management facility located there. Axillon Fuel Containment will remain in its current facilities after closing and HEICO stated that it does not expect any material staff turnover at Axillon Fuel Containment. Further, Axillon Fuel Containment will continue to be overseen by its current management team, led by Tom Holst.
Closing is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act. HEICO stated that it expects the closing to occur in the first calendar quarter of 2026. Axillon Fuel Containment's name will change post-closing to a name that will soon be selected.
Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Chief Executive Officers, commented, "Axillon Fuel Containment adds a storied and highly-regarded business to HEICO. Its products are the standard on a wide array of aircraft for both new production and aftermarket use. These highly reliable and mission-critical products are designed and produced by an amazing group of talented people working diligently to support our Country's military and several commercial aircraft makers. We are honored to have this special company within HEICO and look forward to welcoming all of Axillon Fuel Containment's Team Members to the HEICO family."
Tom Holst, Axillon Fuel Containment's General Manager, commented, "We are delighted that Axillon Fuel Containment's new home will be at HEICO, which is known for its excellent culture, commitment to its Team Members and its reputation for excellent quality delivered to its customers. I couldn't think of a better home for our company and for our Team Members."
Guggenheim Securities and Lazard served as financial advisors to Axillon Aerospace, and Latham & Watkins LLP acted as legal counsel. Pillsbury Winthrop Shaw Pittman LLP acted as legal counsel to HEICO.
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.
About Axillon Aerospace
Axillon Aerospace is a leading provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets. The business generates annual sales of approximately
About SK Capital
SK Capital is a transformational private investment firm with a disciplined focus on the specialty materials, ingredients, and life sciences sectors. The firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital currently has approximately
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 in 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; cyber security 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 Corporation
View the original press release on ACCESS Newswire
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