Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 102

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 102
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 HEICO Electronic, entered into an exclusive license and acquired certain assets for the Aircraft Emergency Locator Transmitter (“ELT”) product line from Honeywell International.  ELTs provide critical emergency transmission signals in the event of aircraft impact on land or water to enable first responders to locate the aircraft.  The transaction provides the HEICO Electronic subsidiary with all rights to produce, sell and repair both fixed and portable Honeywell ELTs, as well as various support equipment.  The purchase price of this acquisition was paid in cash using cash provided by operating activities.Unless otherwise noted, the purchase price of each of the aforementioned acquisitions was paid in cash, principally using proceeds from the Company's revolving credit facility, and is not material or significant to the Company's consolidated financial statements.The following table summarizes the aggregate total consideration for the Company's other acquisitions based on the year of acquisition (in thousands):Year ended October 31,202520242023Cash paid $638,670 $221,233 $20,000 Less: cash acquired (8,876)(2,061)— Cash paid, net 629,794 219,172 20,000 Issuance of common stock for an acquisition10,123 — — Contingent consideration 11,509 — — Additional purchase consideration (1,545)4,959 — Total consideration $649,881 $224,131 $20,000 

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The following table summarizes the allocation of the aggregate total consideration for the Company's other acquisitions to the estimated fair values of the tangible and identifiable intangible assets acquired and liabilities and noncontrolling interests assumed (in thousands, and based on the year of acquisition):Year ended October 31,202520242023Assets acquired:Goodwill $265,167 $99,303 $8,246 Customer relationships 149,387 54,580 8,740 Property, plant and equipment91,157 4,872 58 Intellectual property91,125 39,690 2,870 Inventories75,224 23,820 86 Trade names30,646 10,900 — Accounts receivable20,299 7,058 — Other assets 11,189 2,123 — Total assets acquired, excluding cash 734,194 242,346 20,000 Liabilities assumed:Deferred income taxes39,348 2,730 — Acc