Heico Corporation, which has completed seven acquisitions during the past year, has no plans to slow down when it comes to buying other businesses, according to the head of the United States-based aircraft parts maker.
"We have no significant debt maturities until fiscal [year] 2023 and plan to utilize our financial flexibility to aggressively pursue high-quality acquisitions of various sizes to accelerate growth and maximize shareholder returns," said Laurans 'Larry' Mendelson, Heico's chairman and CEO.
Acquisitions are nothing new for Florida-based Heico, which has completed almost 80 of them since 1996. Recent acquisitions include Decavo, an Oregon-based firm that makes unmanned aircraft parts, and New Mexico-based Quell Corporation, which makes electromagnetic interference filters.
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