---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-063475"
form_type: "8-K"
ticker: "HEI"
cik: "0000046619"
company_name: "HEICO CORP"
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:36:41.801309+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# HEICO completes $2.05B acquisition of Wencor Group, its largest ever

## Summary
- Paid $1.9B cash plus $150M HEICO Class A common stock at closing; aggregate value $2.05B.
- Expects acquisition to be accretive to earnings within one year; Wencor projected $724M revenue and $153M EBITDA in CY2023.
- Anticipates net debt-to-EBITDA below 3:1, returning to historical levels within 12-18 months.
- Expects $75M tax benefits realized through fiscal 2038; Wencor joining HEICO Flight Support Group.
- Wencor, a large aircraft aftermarket company, employs ~1,000; HEICO expects meaningful synergies.

## SEC filing metadata
- accession: 0001213900-23-063475
- form_type: 8-K
- ticker: HEI
- cik: 0000046619
- company_name: HEICO CORP
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46619/000121390023063475/0001213900-23-063475-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46619/000121390023063475/ea182901-8k_heicocorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-063475
- JSON: https://secwatch.observer/filing/0001213900-23-063475.json
- Plain text: https://secwatch.observer/filing/0001213900-23-063475.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.