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HEICO CORPORATION TO ACQUIRE STORIED AVIATION AND DEFENSE COMPANY

Agrees to acquire Axillon Fuel Containment

Rockmart, GA and Miami, FL — HEICO Corporation (NYSE: HEI.A and HEI) today announced that its Electronic Technologies Group has agreed to acquire Axillon Aerospace’s Fuel Containment Business (“Axillon Fuel Containment”) from affiliates of SK Capital Partners, LP (“SK Capital”) for cash payable at closing.  Financial terms and details were not disclosed.  SK Capital will continue to own Axillon Aerospace’s Engineered Composites business.