HEICO Corporation’s Flight Support Group subsidiary, Wencor Group, LLC, announced an agreement to acquire EthosEnergy Accessories and Components Limited and EthosEnergy Accessories and Components, LLC, adding a new line of aeroderivative gas turbine parts to its portfolio.
The transaction is expected to close in the first quarter of fiscal 2026, subject to regulatory approval and customary closing conditions. Financial terms of the deal were not disclosed in the announcement.
The acquisition broadens Wencor’s product offering and leverages HEICO’s existing repair and overhaul capabilities, positioning the company to serve a wider range of power‑generation customers in a high‑margin, cyclical‑resilient segment of the market.
Co‑Chairmen Eric A. Mendelson and Victor H. Mendelson, along with Wencor CEO Shawn Trogdon, emphasized that the deal will substantially increase HEICO’s presence in the aeroderivative industrial gas turbine market, supporting the growing global energy demand driven by AI‑enabled operations.
HEICO’s most recent earnings guidance for Q4 2025 projects earnings per share of $1.20 and revenue of $1.15 billion. In Q3 2025, the company reported record net income of $177.3 million, or $1.26 per diluted share, on sales of $1.15 billion—an increase of 30% in net income and 16% in sales versus Q3 2024, beating analyst expectations of $1.12 EPS and $1.11 billion in revenue.
The announcement triggered a 0.54% rise in HEICO’s stock price on December 16, 2025, with above‑average trading volume, indicating heightened investor interest in the company’s expanded capabilities.
EthosEnergy, acquired by One Equity Partners in August 2024, specializes in rotating‑equipment services for power‑generation, energy, industrial, and aerospace sectors. The company’s 175 employees are located in Connecticut, South Carolina, and Scotland, and it focuses on repairing aeroderivative gas turbine accessories and components.
HEICO has completed 88 acquisitions since 1990, with recent purchases in fiscal 2024 including SVM Private Limited, Mid Continent Controls, Inc., and Marway Power Solutions, Inc. The EthosEnergy deal is expected to be accretive within a year, further strengthening HEICO’s position in a high‑margin, cyclical‑resilient segment of the power‑generation market.
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