secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001213900-23-063475
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000121390023063475/0001213900-23-063475-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000121390023063475/ea182901-8k_heicocorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-063475

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