HEICO Corporation Agrees to Acquire Leading Specialty Defense Spares Distributor

Flight Support Group to Acquire Pioneer Industries

FARMINGDALE, NY and MIAMI, FL – HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced its Flight Support Group entered into an agreement to acquire 74% of Pioneer Industries, LLC for cash at closing, plus potential additional cash consideration to be paid if certain post-closing earnings levels are attained. Additional financial details were not disclosed.

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