Wencor

Large backlogs, a robust air travel market, and recent supply chain disruptions boosting demand for servicing of legacy aircraft bode well for the aftermarket.

HEICO posted company record sales of $936.4 million in its fiscal 2023 fourth quarter (Q4).

The aftermarket has seen some big mergers recently, such as Heico’s purchase of Wencor. Editors discuss why mergers are picking up and the outlook for more.

Heico’s acquisition of Wencor, announced May 15, combines two of the largest FAA-approved parts manufacturer approval (PMA) specialists.

Heico Corp. plans to acquire Wencor Group for $2.05 billion by the end of 2023.

Component MROs are expanding facilities and acquiring new businesses to grow capabilities.