Heico might continue acquisition binge

by Marc Selinger

US-based Heico Corporation, which has made three acquisitions in August and six in its current fiscal year, might not be done with its shopping spree, according to the head of the aircraft parts maker.

Heico is based in Hollywood, Florida. (Credit: Heico)

Heico is based in Hollywood, Florida. (Heico)

The acquisition pipeline is “really very, very strong”, said Laurans Mendelson, Heico’s chairman and CEO. “And I think that we will over the next six, 12 months have some very excellent opportunities.”

Mendelson believes two factors are creating those opportunities. One is that “some companies feel under pressure” in the current economic downturn,” Mendelson said on 26 August. “They've seen their markets shrink and so forth and they would like to have a strong financial partner.”

The other factor is the fear that if former vice president Joe Biden wins the November presidential election, he will seek to enact his proposal to dramatically increase capital gains taxes, which apply to profits from asset sales. The possible tax hike “is really scaring the hell out of a lot of people and -- including me,” Mendelson said.

 

Already a Janes subscriber? Read the full article via the Client Login
Interested in subscribing, see What we do

Share

http://www.dqyukg.icu/defence-news/news-detail/heico-might-continue-acquisition-binge

US-based Heico Corporation, which has made three acquisitions in August and six in its current fisca...

Related news

Loading animation

Request a free consultation to find out how in a world of fake news and ever growing conflict, Janes can provide you with unbiased, verified open-source intelligence.

Details
大发信誉赌城