HEICO Acquires Gables Engineering to Fortify its Avionics Competencies
HEICO Corporation Acquires Gables Engineering, Bolstering American Aviation Industry
Heico Corporation, a diversified company providing products and services across various industries, has announced the acquisition of Gables Engineering. This strategic move is expected to strengthen the avionics industry and bolster American manufacturing by enhancing Heico’s portfolio in advanced avionics controls and reaffirming its commitment to U.S. engineering excellence.
Based in Coral Gables, Florida, Gables Engineering is a leading designer and manufacturer of avionics controls. Founded in 1946, the company specializes in navigation, audio, surveillance, and communication panels for various aircraft, including advanced touchscreen cockpit displays used in Boeing 737 MAX aircraft. The company employs over 200 skilled professionals and operates in a highly integrated, modern facility, ensuring high quality and reliability standards.
Andrew M. Jackson, representing Gables Engineering's senior leadership, is excited about the partnership. He expressed confidence that the partnership will enhance value for Gables Engineering's customers worldwide. Laurans A. Mendelson, HEICO's Executive Chairman, is involved in the partnership along with Eric A. Mendelson and Victor H. Mendelson, the company's Co-Chief Executive Officers.
The acquisition will enable continued investments in research and development for flight deck technologies, a key area of focus for both companies. This partnership is expected to contribute to Heico Corporation's diversified portfolio across various industries, further solidifying its position as a leading player in the aviation sector.
The transaction is a cash deal and is expected to boost Heico's earnings within a year. Both companies' leadership expressed optimism about the partnership's role in enhancing American manufacturing and engineering. The acquisition is also significant due to Gables Engineering's location near Heico's headquarters and facilities.
In summary, the impact on the avionics industry includes:
- Expansion and modernization of avionics control technologies, supporting OEMs and aftermarket customers.
- Strengthened market position and innovation pipeline for Heico in avionics.
- Reinforced commitment to American manufacturing with over 200 skilled employees and in-house production.
On American manufacturing, this acquisition signals continued investment in high-tech U.S.-based aerospace manufacturing, preserving and growing skilled jobs and engineering expertise critical to national industrial capabilities. The partnership between Gables Engineering and Heico reinforces Heico's commitment to investing in American manufacturing and engineering excellence.
- The incorporation of Gables Engineering by HEICO Corporation will likely increase research and development investments in flight deck technologies, anchoring HEICO's position as a technology leader in the aviation sector.
- As a leading designer and manufacturer of avionics controls, Gables Engineering's focus on navigation, audio, surveillance, and communication panels, including advanced touchscreen cockpit displays, demonstrates their commitment to advancing technology in the aviation industry.
