Heico Closes Its Largest-Ever Acquisition, Buys Wencor For $2.05B
Portfolio Pulse from Lekha Gupta
Heico Corp (NYSE:HEI) has completed its largest-ever acquisition, buying Wencor Group for $2.05 billion. The deal is expected to be accretive to Heico's earnings within a year. Heico anticipates Wencor to generate adjusted proforma revenues of around $724 million and EBITDA of about $153 million in 2023. The company also expects to realize estimated tax benefits of about $75 million from the acquisition through FY38.
August 04, 2023 | 5:48 pm
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Heico's acquisition of Wencor Group is expected to be accretive to its earnings within a year. The company also expects to realize estimated tax benefits of about $75 million from the acquisition through FY38.
The acquisition of Wencor Group is expected to be beneficial for Heico in terms of earnings and tax benefits. This is likely to have a positive impact on the company's stock price in the short term.
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