HEICO Corporation

What does HEICO Corporation own?
HEICO Corporation owns dozens of subsidiaries organized within two segments: the Flight Support Group and the Electronic Technologies Group. Major subsidiaries include HEICO Distribution Group, Wencor Group, HEICO Parts Group, HEICO Repair Group, HEICO Specialty Products Group, and 3D Plus. The company has grown through acquisitions, completing five in fiscal 2025 alone.

Is HEICO Corporation publicly traded?
Yes. HEICO Corporation trades on the New York Stock Exchange under two ticker symbols: HEI (common stock) and HEI.A (Class A common stock). The dual-class structure gives the Mendelson family greater voting control despite holding approximately 17% of total shares. The company is a component of the Russell 1000 index.

Who founded HEICO Corporation?
HEICO was originally founded in 1957 as Heinicke Instruments Company by William Heinicke, manufacturing laboratory equipment. The company entered aerospace in 1974 and was renamed HEICO Corporation in 1986. The Mendelson family, led by Laurans Mendelson, acquired control in 1990 and transformed the company into a global aerospace and electronics enterprise.

Where is HEICO Corporation based?
HEICO Corporation is headquartered at 3000 Taft Street, Hollywood, Florida, USA. The company operates across 21 U.S. states and 15 countries, with approximately 10,000 employees. Hollywood, Florida, located in the Miami metropolitan area, has been HEICO's base since the Mendelson family took over in 1990.

How much revenue does HEICO Corporation generate?
HEICO reported total net sales of $4.49 billion in fiscal year 2025, which ended October 31, 2025. This was an increase from $3.86 billion in fiscal 2024. The Flight Support Group contributed $3.12 billion (70% of total), and the Electronic Technologies Group contributed approximately $1.37 billion (30%). Net income was $690.4 million in fiscal 2025.

Who manages HEICO Corporation?
Eric A. Mendelson and Victor H. Mendelson serve as co-CEOs, co-Chairmen, and co-Presidents, effective May 1, 2025. Their father, Laurans A. Mendelson, moved to Executive Chairman after serving as CEO since 1990. Eric leads the Flight Support Group, and Victor leads the Electronic Technologies Group. The three Mendelsons operate as a team on major decisions.

What is HEICO's acquisition strategy?
HEICO follows a decentralized acquisition strategy, acquiring niche aerospace and electronics businesses that retain operational autonomy. The company targets companies with established products, customer relationships, and management teams. Acquired companies are integrated into either the FSG or ETG structure. HEICO has completed dozens of acquisitions over three decades, with five completed in fiscal 2025.

HEICO was founded in 1957 as Heinicke Instruments Company by William Heinicke, initially manufacturing laboratory equipment. The company entered the aerospace sector in 1974 with the acquisition of Jet Avion Corporation, a move that began its transition from laboratory instruments to aviation components.

In 1986, the company was renamed HEICO Corporation and began focusing on the aerospace aftermarket. The name HEICO is derived from Heinicke Instruments Company. The corporate reorganization created a new holding corporation structure, with the original operating entity renamed HEICO Aerospace Corporation.

The defining moment in HEICO's history came in 1990, when the Mendelson family acquired a controlling stake and took over management. Laurans A. Mendelson became CEO, bringing a strategy of disciplined acquisitions and organic growth. At the time, HEICO had net sales of just $26.2 million. Under Mendelson leadership, the company pursued a dual approach: expanding internally through new product development and market-share gains, and externally through selective acquisitions of niche aerospace and electronics businesses.

Eric A. Mendelson founded the Flight Support Group in 1993, building it from a single-product business with approximately $20 million in sales into a multi-billion-dollar operation. The FSG's growth was driven by the PMA parts business, which offered FAA-approved replacement parts at lower prices than OEM components. Victor H. Mendelson founded the Electronic Technologies Group in 1996, expanding HEICO into electronic components for defense and space applications.

HEICO went public and has traded on the New York Stock Exchange under tickers HEI and HEI.A. The dual-class structure gives the Mendelson family greater voting control despite holding approximately 17% of total shares. This structure has insulated the company from activist investor pressure and allowed long-term strategic planning.

Over the following decades, HEICO completed dozens of acquisitions. Each acquired company was integrated into either the FSG or ETG structure while retaining operational autonomy. Key acquisitions included companies in aftermarket parts distribution, component repair, specialty manufacturing, and electronic components for defense and space.

A significant acquisition was Wencor Group in 2022, a large aftermarket parts distributor and repair company. The Wencor acquisition expanded the FSG's distribution capabilities and product portfolio, adding established relationships with airlines and MRO providers worldwide. Wencor's subsidiaries were integrated into the FSG structure.

HEICO reported strong growth through fiscal 2025. Net sales reached $4.49 billion, up from $3.86 billion in fiscal 2024, representing a compound annual growth rate of approximately 16% since 1990. Net income grew to $690.4 million in fiscal 2025. The FSG achieved 21 consecutive quarters of sequential net sales growth through the end of fiscal 2025.

In April 2025, HEICO announced a leadership transition. Laurans Mendelson moved from CEO to Executive Chairman, and his sons Eric and Victor became co-CEOs effective May 1, 2025. Both had served as co-presidents since 2009. Eric continues as President and CEO of the FSG, and Victor continues as President and CEO of the ETG. The transition was part of a long-planned internal succession process.

HEICO completed five acquisitions in fiscal 2025: two by the FSG and three by the ETG. The company stated it anticipates continued net sales growth across both segments in fiscal 2026, driven by organic growth and recent acquisitions.

HEICO Corporation addresses environmental and social matters within its SEC filings and annual reports rather than through a standalone sustainability report. The company is not a certified B Corporation and does not publish GRI-aligned or SASB-aligned sustainability disclosures.

HEICO's primary environmental contribution comes from its PMA parts business, which extends the operational life of aircraft components and reduces waste from premature replacement. By providing lower-cost alternatives to OEM parts, HEICO enables airlines to maintain older fleets more economically, which can delay aircraft retirement and reduce manufacturing demand for new components.

The company has not published specific carbon reduction targets or Scope 1, 2, or 3 emissions inventories as of August 2026. HEICO's environmental footprint is relatively limited compared to manufacturing-heavy aerospace companies, as much of its business involves design, distribution, and repair rather than large-scale production.

HEICO's governance structure, with Mendelson family control and a long-term orientation, has been noted by governance analysts as providing stability but concentrating voting power. The company's board includes independent directors alongside the three Mendelson family members.

• San Diego Air and Space Museum Hall of Fame (2024): Laurans Mendelson was inducted in recognition of his leadership transforming HEICO into a global aerospace enterprise.
• Forbes coverage: HEICO was profiled by Forbes as one of the best-performing stocks of the past 30 years, with a total return of approximately 47,500% since 1990.
• Russell 1000 component: HEICO is included in the Russell 1000 index of large-cap U.S. companies.
• NYSE listing: HEICO's dual-class shares (HEI and HEI.A) trade on the New York Stock Exchange, one of the few aerospace companies with a dual-listing structure.

HEICO's PMA parts business has faced structural opposition from OEMs since its inception. Engine manufacturers and airframe builders have historically argued that non-OEM replacement parts could compromise safety and performance. HEICO's PMA parts are approved by the FAA through a rigorous qualification process, and the company has maintained a strong safety record. The tension between OEMs and independent aftermarket suppliers is a long-standing feature of the aviation industry.

HEICO was not directly implicated in the Boeing 737 MAX grounding (2019 to 2020), but the company's aftermarket business was indirectly affected by reduced flying hours during the grounding period. The business recovered as the aircraft returned to service and global air traffic rebounded.

The company's high stock valuation and acquisition-driven growth model have drawn occasional scrutiny from financial analysts who question whether the pace of acquisitions can be sustained. HEICO has addressed these concerns by pointing to its three-decade track record of disciplined deal-making and consistent revenue growth.

No specific regulatory enforcement actions, product recalls, or material lawsuits against HEICO have been publicly reported as of August 2026.