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Heico buying spree continues with two more companies

Heico chairman and CEO Laurans Mendelson is flanked by sons and company co-presidents Victor Mendelson, left, and Eric Mendelson, right. The firm announced Monday that it had acquired two more manufacturing companies.
Heico chairman and CEO Laurans Mendelson is flanked by sons and company co-presidents Victor Mendelson, left, and Eric Mendelson, right. The firm announced Monday that it had acquired two more manufacturing companies. MIAMI HERALD FILE

Heico Corporation has picked up another couple of companies.

The niche technology firm with offices in Hollywood and Miami announced Monday that it had completed the acquisition of two different manufacturing companies. Financial details about the cash purchases were not released.

Heico bought 80.1 percent of Midwest Microwave Solutions, an Iowa-based producer of communications and electronic intercept receivers and tuners for military and intelligence use. The founders and senior managers of MMS will continue to own 19.9 percent of the company.

The South Florida company also acquired Astroseal Products Manufacturing Corp., based in Connecticut. Astroseal makes expanded foil mesh used in composite materials for lightning strike protection in aircraft.

Heico deals in aviation, defense, space, medical, telecommunications and electronics products. Last week, the company said it had acquired 80.1 percent of Aerospace & Commercial Technologies. Based in Texas, ACT manufactures parts for F-16 fighter jets.

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