secwatch.observer — SEC 8-K summary
======================================

Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0000046619-22-000036
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HEICO agrees to acquire Exxelia for €453M cash, its largest-ever acquisition
----------------------------------------------------------------------------

- Purchase price €453M cash plus assumption of ~€14M liabilities; total enterprise value ~€467M.
- Exxelia expected to generate ~€190M revenue in CY2022, primarily from aerospace/defense components.
- Closing expected by end of HEICO's fiscal Q1 2023, pending works council consultations and regulatory approvals.
- Exxelia management to retain ~5% minority stake; CEO Paul Maisonnier to continue leading post-acquisition.
- HEICO expects acquisition to be accretive to EPS within one year of closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000004661922000036/0000046619-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000004661922000036/hei-20220726.htm
  HTML page:      https://secwatch.observer/filing/0000046619-22-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer