HEICO, a company engaged primarily in the design, production, servicing and distribution of products and services, completed the acquisition of Wencor Group, a commercial and military aircraft aftermarket company, from Warburg Pincus, a private equity firm, for $2.05bn. "Wencor is a perfect and highly complementary fit with HEICO, as the combination will be transformative, providing a unique and growing portfolio of proprietary cost-saving solutions for our airline and OEM customers. We welcome Shawn Trogdon, Wencor's talented CEO who will continue to lead Wencor, and the phenomenal Wencor Team to the HEICO family. HEICO has a long history of appreciation for its Team Members by providing an excellent working environment, advancement opportunities and participation as HEICO owners through our 401k plan," Laurans A. Mendelson, HEICO Chairman and CEO.