HEICO to Buy Wencor for $2 Billion to Boost Aircraft Generic Parts Portfolio

HEICO to Buy Wencor for $2 Billion to Boost Aircraft Generic Parts Portfolio
The HEICO building in Hollywood, Fla., in January 2021. Google Maps/Screenshot via The Epoch Times
Reuters
Updated:

Aerospace supplier HEICO Corp. said it will buy Wencor Group in a deal valued at $2.05 billion to boost its portfolio of generic parts.

The deal, announced on Monday, comes at a time when airlines and aircraft repair shops in North America are increasingly relying on used and generic parts to keep jets flying, as supply-chain disruptions hinder supply of name-brand parts from companies such as General Electric Co.