October 9, 2012
HEICO Corporation acquires niche aircraft component repair company
HEICO Corporation released that its Flight Support Group has acquired 80.1% of the assets and certain liabilities of Action Research Corporation of Greer, SC. Financial terms were not disclosed, but HEICO stated that it expects the acquisition to be accretive within the first year after the closing. Action Research Corporation (ARC) is an FAA-Approved Repair Station located in Greer, South Carolina. ARC has developed unique proprietary repairs that extend the lives of certain engine and airframe components. ARC brings a seasoned engineering team with decades of experience in the design and repair of gas turbine fuel systems, heated airframe components and other technical, high value accessories. Greg Braselton, who founded ARC, will continue to lead the company and own 19.9%. HEICO also stated that it does not expect any employee turnover to result from the acquisition.