Rosen Aviation has been officially acquired by the HEICO Corporation, as of 17 April. It joins the HEICO group six months after Mid-Continent Controls (MC2) was also acquired.
Founded in 1982, Rosen Aviation has three areas of business: aviation displays, IFE technologies and cabin electronics. It is headquartered in Eugene, Oregon. Meanwhile, MC2 is a designer and manufacturer specialising in proprietary in-cabin power and entertainment components and subsystems for business jets.
The two organisations will be led by MC2 president Thomas Hemphill, as part of the HEICO Electronic Technologies Group Radiant Power family of companies.
HEICO stated that it expects the acquisition to be accretive to its earnings within the year following acquisition. The transaction marks HEICO’s fourth acquisition in the past six months. Mesirow acted as sole financial advisor to the sellers.
The newly joined companies intend to significantly grow and enhance their offerings in IFE and CMS solutions targeted to the business, VVIP and commercial aircraft markets, including to manufacturers, operators, completions centres and sub-system suppliers.
“Joining the HEICO and Mid-Continent group signals a seismic shift for both Rosen and our capabilities, and how we can expand the cutting-edge solutions we design and deliver that ultimately redefine the passenger experience,” said Lee Clark, SVP of strategy at Rosen Aviation. “Leveraging Rosen’s more than 45 years of expertise, now supported and in collaboration with two renowned entities in aviation technology, the future looks increasingly bright. I join our valued customers and partners in shared excitement for what’s just beyond the horizon.”
