Covington Represents Wencor Group and Warburg Pincus in $2B HEICO Acquisition

WASHINGTON—Covington is advising Wencor Group and global growth investor Warburg Pincus in HEICO Corporation’s agreement to acquire Wencor Group from affiliates of Warburg Pincus and Wencor’s management. The transaction is valued at approximately $2.05 billion in the aggregate.

HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain segments of the aviation, defense, space, medical, telecommunications and electronics industries. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide.

Wencor Group is a commercial and military aircraft aftermarket company offering factory-new FAA-approved aircraft replacement parts, value-added distribution of high-use commercial and military aftermarket parts, and aircraft and engine accessory component repair and overhaul services. Wencor will become part of HEICO’s Flight Support Group.

Scott Freling led the Covington team advising Wencor Group and Warburg Pincus on government contracts and other regulatory matters. Other team members included Carl Wiersum, Paul Rowley and Daniel Raddenbach (government contracts); Justin Schenck (trade controls); and Heather Finstuen, Peter Camesasca, Horst Henschen, James Marshall, Martin Juhasz and Andreas Mildner (national security).