HEICO Corporation
HEI HEI today announced that its Flight Support Group has
acquired 80.1% of the assets and certain liabilities of Action Research
Corporation of Greer, SC. Financial terms were not disclosed, but HEICO
stated that it expects the acquisition to be accretive within the first year
after the closing.
Action Research Corporation (ARC) is an FAA-Approved Repair Station located in
Greer, South Carolina. ARC has developed unique proprietary repairs that
extend the lives of certain engine and airframe components. ARC brings a
seasoned engineering team with decades of experience in the design and repair
of gas turbine fuel systems, heated airframe components and other technical,
high value accessories. Greg Braselton, who founded ARC, will continue to
lead the company and own 19.9%. HEICO also stated that it does not expect any
employee turnover to result from the acquisition.
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