HEICO Corp´s Flight Support Group has announced the acquisition of 70% of Rocky Mountain Hydrostatics, LLC, a naval hydraulic systems specialist, in an all cash transaction, to direct growth of the organization, the company said.
Rocky Mountain overhauls industrial pumps, motors and other hydraulic units with a focus on the support of legacy systems for the US Navy. Customers include master ship repair contractors and the US Navy. Work is performed at Rocky Mountain´s facilities as well as shipboard at any location worldwide.
HEICO Corp. (NYSE: HEI.A) (NYSE: HEI) is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group.