Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 35

Company: HEICO CORP
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 8
Chunk 35
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 information regarding the Company’s contingent consideration obligation.  The purchase price of this acquisition was principally paid in cash using proceeds from the Company's revolving credit facility and cash provided by operating activities, as well as through the issuance of 53,186 shares of HEICO Class A Common Stock and is not material or significant to the Company's condensed consolidated financial statements.In April 2025, the Company, through a subsidiary of HEICO Electronic, acquired 100% of the membership interests of Rosen Aviation, LLC ("Rosen").  Rosen designs and manufactures in-flight entertainment products, principally in-cabin displays and control panels, for the business and aviation markets.  The purchase price of this acquisition was paid in cash using cash provided by operating activities and is not material or significant to the Company's condensed consolidated financial statements.In July 2025, the Company, through HEICO Electronic, acquired 100% of the stock of Gables Engineering, Inc. ("Gables").  Gables designs and manufactures advanced solutions for aerospace platforms, including cockpit displays and other avionics components such as navigation, audio, surveillance, and communication panels for a wide range of aircraft.  The purchase price of this acquisition was paid in cash, using proceeds from the Company's revolving credit facility and is not material or significant to the Company's condensed consolidated financial statements.

10

The following table summarizes the aggregate total consideration for the Company's fiscal 2025 acquisitions (in thousands):Cash paid $638,736 Less: cash acquired (8,846)Cash paid, net 629,890 Issuance of common stock for an acquisition10,123 Contingent consideration 11,509 Additional purchase consideration (129)Total consideration $651,393 The following table summarizes the allocation of the aggregate total consideration for the Company's fiscal 2025 acquisitions to the estimated fair values of the tangible and identifiable intangible assets acquired and liabilities and noncontrolling interests assumed (in thousands):Assets acquired:Goodwill $252,172 Customer relationships 157,487 Property, plant and equipment91,530 Intellectual property90,125 Inventories81,353 Trade names29,946 Accounts receivable20,261 Other assets 11,255 Total assets acquired, excluding cash 734,129 Liabilities assumed:Deferred income taxes39,530 Accrued expenses 9,886 Accounts payable1,680 Other liabilities 3,690 Total liabilities assumed 54,786 Noncontrolling