Lee's Summit, Missouri and Miami, Florida

HEICO Corp acquires leading bizjet avionics repair provider

HEICO Corporation's Flight Support Group has acquired 90% of the stock of Millennium International, LLC.

Millennium is known for its pioneering role in business jet avionics repair solutions, specializing in the mission critical repair and support of both next-generation and legacy avionics systems and components.

The company offers comprehensive repair, overhaul, retrofit, and exchange services to its customers that include aircraft OEMs, fleet operators, repair businesses, and avionics brokers. Millennium's capabilities span avionics displays, navigation and radio equipment, weather radars, collision avoidance systems, and other avionics systems.

Headquartered in Lee's Summit, MO, Millennium operates across three recently expanded sites. Co-founders Jeanne Rau-Flattery and Dan Rafferty will continue leading the company, and the business will continue operating out of its existing facilities. Its talented team of over 40 engineers, technicians, and other personnel will remain with the company and focus on executing on a development pipeline of repair capabilities.

Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer, along with Eric A. Mendelson, HEICO's Co-President and CEO of its Flight Support Group commented, "The addition of Millennium to HEICO's family of businesses marks a significant milestone in our strategic expansion into the business jet market.

"With Millennium's innovative avionics repairs, extensive expertise, and flawless reputation, HEICO is now well-positioned to offer a broad range of solutions for business jet manufacturers and operators, solidifying our presence in this rapidly growing market. The unique and extensive capabilities acquired through this transaction will enable us to deliver even greater value to our customers and stakeholders."

Jeanne Rau-Flattery and Dan Rafferty jointly commented, "We are thrilled to partner with a like-minded organization such as HEICO. This transaction presents a tremendous opportunity for our company to drive innovation and broaden the scope of our capabilities.

"Together, we aim to enhance our ability to deliver exceptional value to our customers, ensuring that we meet their evolving needs."