HEICO subsidiary acquires 90% stake in CalRamic Technologies
HEICO Corporation's Exxelia subsidiary acquired a 90% stake in CalRamic Technologies for cash. Founder and CEO Jeff Day retains the remaining 10% ownership. Specific financial terms of the deal were not disclosed.
*this image is generated using AI for illustrative purposes only.
HEICO Corporation announced that its Exxelia subsidiary acquired a 90% ownership stake in CalRamic Technologies for cash paid at closing. The remaining 10% of the company will continue to be owned by CalRamic's founder and CEO, Jeff Day. Financial terms of the transaction were not disclosed.
Transaction Details
The acquisition was executed through Exxelia, a subsidiary of HEICO Corporation. The purchase was completed for cash, although the specific amount and other financial details remain confidential.
Post-Acquisition Ownership
Following the transaction, the ownership structure of CalRamic Technologies is as follows:
| Stakeholder | Ownership Percentage |
|---|---|
| Exxelia (HEICO Subsidiary) | 90% |
| Jeff Day (Founder and CEO) | 10% |
Jeff Day will retain his position as founder and CEO, continuing to hold the balance of the company.
How will this acquisition impact HEICO's revenue growth in the upcoming fiscal year?
What strategic synergies does HEICO expect to achieve between Exxelia and CalRamic Technologies?
Are there plans for further acquisitions by HEICO in the near future to expand its portfolio?
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