HEICO Corporation Subsidiary Completes Quest Aviation Supply Acquisition

MIAMI, Fla., June 16, 2014 (GLOBE NEWSWIRE) — HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that Seal Dynamics LLC, a subsidiary of its Flight Support Group, completed the acquisition of certain assets and liabilities of Quest Aviation Supply of Chatsworth, California. Financial terms were not disclosed, but HEICO stated that it expects the acquisition to be accretive to its earnings within the first year after the closing.

Quest was founded in 1997 and is a niche supplier of parts to repair thrust reversers on CF6-80, RB-211, CFM56 and V2500 engines. Quest will add 300 FAA-PMA approvals to the approximately 8,700 FAA-PMA approvals already held by HEICO’s Flight Support Group. Quest products and team members will join HEICO’s Seal Dynamics.

HEICO Corporation is engaged primarily in certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, FL-based Flight Support Group and its Miami, FL-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 web site at http://www.heico.com.