HEICO completed the acquisition of a 90% stake in Millennium International.

HEICO, an aerospace and electronics company, completed the acquisition of a 90% stake in Millennium International, a company specializes in the repair and support of legacy avionics systems and components. Financial terms were not disclosed. "The addition of Millennium to HEICO's family of businesses marks a significant milestone in our strategic expansion into the business jet market. With Millennium's innovative avionics repairs, extensive expertise, and flawless reputation, HEICO is now well-positioned to offer a broad range of solutions for business jet manufacturers and operators, solidifying our presence in this rapidly growing market. The unique and extensive capabilities acquired through this transaction will enable us to deliver even greater value to our customers and stakeholders," Laurans A. Mendelson, HEICO Chairman and CEO and Eric A. Mendelson, HEICO Co-President.