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HEICO history
HEICO company history timeline
HEICO was founded in 1957 as Heinicke Instruments Co.
In 1974 Heinicke entered the aviation business with its purchase of Jet Avion, which manufactured jet engine parts.
Earnings were $7.6 million in 1986 on sales of $46 million.
The company changed its name from Heinicke Instruments Co. to HEICO Corporation in 1986.
Earnings rose to $7.6 million in the fiscal year ending October 31, 1987.
In 1989 the Mendelson group offered $42 million ($21 per share) for the rest of the company.
Since 1990, when the Mendelsons took over the Hollywood, Florida-based business, Heico has generated a total return of some 47,500%. (No, that’s not a typo.
In September 1992, Herbert Wertheim of Coral Gables, Florida, raised his stake in the company to 10.2 percent and requested two board seats.
HEICO offered $276 million for Figgie International, which made respirators, in 1997, but was unsuccessful.
HEICO's Flight Support Group accounted for 73 percent of revenues in 1998; Ground Support, the remainder.
Sales were up 43 percent and the company posted record profits in the first quarter of fiscal 1999.
The Mendelsons are shrewd buyers themselves, having in 2019 completed seven more acquisitions.
Connect Tech Inc. announced its acquisition by HEICO Corporation on 18 August 2020.
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HEICO competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Kaman | 1945 | $775.9M | 5,007 | 6 |
| LMI Aerospace | 1948 | $342.7M | 249 | 1 |
| ATMI | 1986 | $361.0M | 3,000 | - |
| Symmetricom | 1956 | $208.1M | 584 | - |
| Photronics | 1969 | $866.9M | 1,728 | 26 |
| Sypris Electronics | 1964 | $12.0M | 223 | 1 |
| Planar Systems | 1983 | $1.8B | 456 | 16 |
| Rackable Systems | 1999 | - | 3,001 | - |
| Axsys Technologies | 1997 | $19.0M | 50 | - |
| Omron Automation - Americas | 1933 | $8.3B | 39,427 | 28 |
HEICO history FAQs
Zippia gives an in-depth look into the details of HEICO, including salaries, political affiliations, employee data, and more, in order to inform job seekers about HEICO. The employee data is based on information from people who have self-reported their past or current employments at HEICO. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by HEICO. The data presented on this page does not represent the view of HEICO and its employees or that of Zippia.
HEICO may also be known as or be related to HEICO, HEICO Corporation, Heico Aerospace, Heico Corp, Heico Corp. and Heico Corporation.