A subsidiary of Heico Corp. (NYSE: HEI) has acquired an engine repair firm with 175 employees and an international footprint.
Wencor Group LLC, part of Hollywood-based Heico, said Thursday it had closed on a purchase of EthosEnergy Accessories and Components Ltd. and EthosEnergy Accessories and Components LLC, known together as Ethos A&C.

The terms of the deal were not disclosed.Heico said it expects Ethos A&C to be accretive to its earnings within a year.

Ethos A&C, which specializes in repairing engine components, has 175 employees across three locations in Connecticut, South Carolina and Scotland. Its leased facilities span 175,000 square feet, according to company figures.

“Bringing our teams together strengthens our capabilities in the aeroderivative industrial gas turbine market and expands our ability to serve customers worldwide as energy demand continues to grow,” Heico co-CEOs Eric A. and Victor H. Mendelson and Wencor CEO Shawn Trogdon said in a joint statement.

Established in 1957, Heico designs and manufactures products for the aviation, defense, space, medical, telecommunications and electronics industries. Its customers include airlines, overhaul shops, and defense and space contractors.

The Mendelson family took over the company’s management in 1990 after becoming its largest shareholders. Under their leadership, Heico has become one of the country’s largest aerospace and defense businesses, with more than 100 facilities across the United States and over a dozen countries.

Eric A. and Victor H. Mendelson were named co-CEOs last April, succeeding their father, Laurans A. Mendelson. The longtime Heico leader, who helped make the company a global player, died in September at the age of 87.

Heico reported net sales of $4.49 billion for the 12 months ended Oct. 31, 2025, according to its latest filing with the Securities and Exchange Commission. That’s up from $3.86 billion in the prior-year period.

One of South Florida’s biggest public companies, Heico reported an operating income of $1.02 billion in 2025, up from $824 million in 2024.
Heico shares were trading at $321.16 late Thursday morning, down 1% from market open. Shares were up 36.75% for the 12 months ended Feb. 5.