HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) has announced that its Radiant Power Corp. (“Radiant”) subsidiary acquired Interface Displays & Controls, Inc. (“IDC”) in an all cash transaction, which is HEICO´s fourth acquisition this year, the company said.
Radiant is part of HEICO´s Electronic Technologies Group.
HEICO stated that it expects the acquisition to be accretive to its earnings within a year following the purchase. Further financial terms and details were not disclosed.
IDC, which was founded in 1976 and is located in Oceanside, CA, designs and manufactures electronic products for aviation, marine, military fighting vehicles, and embedded computing markets. These products include original equipment and retrofit control panel and bezel assemblies, smart cockpit displays, and night vision compatible exterior lighting for military fixed wing and rotorcraft platforms.
Eureka Capital Markets, LLC acted as the exclusive financial advisor to IDC in the transaction.
Located in Sarasota, Florida, Radiant Power Corp. is focused on the design and manufacture of emergency power supplies, power distribution and controls, flight deck sensors and indicators, and passenger comfort products for the aerospace and military markets. More information can be found at www.rpcaero.com.
HEICO Corporation 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.