Announced
Completed
Synopsis
HEICO-backed Flight Support Group, an aviation services conglomerate, completed the acquisition of a 70% stake in Rocky Mountain Hydrostatics, a naval hydraulic systems specialist. Financial terms were not disclosed. “We wanted the right partner to support our team with technical and financial resources to move to the next level, and where I can retain ownership and direct the growth of the organization which Therese and I have built with passion. HEICO’s culture, reputation, technical and manufacturing capabilities, along with its strong financial resources made partnering with HEICO an easy decision for Therese and myself,” Bradley Zuercher, Rocky Mountain Hydrostatics President and Owner.
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