Who Owns Heico Cos Company?

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Who Owns HEICO Corporation?

Understanding a company's ownership is key to grasping its strategy and market influence. HEICO Corporation, a leader in aerospace and electronics, saw a significant shift in 1990 when the Mendelson family increased their stake, ultimately leading the company to become a major industry force.

HEICO Corporation, founded in 1957, is headquartered in Hollywood, Florida. Initially focused on laboratory equipment, it expanded into aviation in 1974. Today, it specializes in FAA-approved replacement parts for jet engines and aircraft components, alongside electronic equipment for high-reliability sectors. The company's product portfolio includes items like Heico Cos BCG Matrix.

As of May 2025, HEICO's market capitalization is approximately $40.59 billion. The company achieved record financial results in fiscal year 2024, with net sales reaching $3.86 billion, a 30% increase, and net income rising 27% to $514.1 million.

The ownership of HEICO Corporation is a blend of founder influence, significant institutional holdings, and a dual-class share structure. The Mendelson family's substantial stake, particularly since 1990, has been a defining element in the company's governance and strategic direction.

Institutional investors hold a significant portion of HEICO's shares. For instance, Vanguard Group, Inc. is a major shareholder, owning approximately 10.10% of the outstanding shares as of early 2025. BlackRock, Inc. also holds a considerable stake, with around 7.00% ownership.

The company's voting power is concentrated due to its dual-class share structure. This structure often allows a specific group of shareholders, such as the founding family, to maintain control even with a minority of the total equity. This governance model is crucial for understanding how decisions are made and long-term strategies are implemented within HEICO Corporation.

HEICO Corporation's journey began in 1957 as Heinicke Instruments Co., founded by Dr. William Heinicke, initially focusing on laboratory equipment. The company's significant pivot to the aviation sector occurred in 1974 with the acquisition of Jet Avion. While specific early equity details for Dr. Heinicke are not public, the company's ownership structure underwent considerable evolution in the subsequent decades.

Founding and Initial Focus

HEICO Corporation was established in 1957 by Dr. William Heinicke. Its initial operations centered on the manufacturing of laboratory equipment.

Diversification into Aviation

A key strategic move was the company's diversification into the aviation industry in 1974. This expansion was marked by the acquisition of Jet Avion, a firm specializing in jet engine parts.

Tyco Laboratories' Involvement

In the early 1980s, Tyco Laboratories acquired a substantial stake, accumulating 46% of Heinicke Instruments' stock. Tyco's intention was to leverage Heinicke for expansion into the medical supplies market.

Reacquisition of Tyco's Stake

Heinicke Instruments eventually bought back the shares held by Tyco Laboratories. This move allowed the company to regain independent control over its strategic direction.

The Fox Takeover Bid

A significant event occurred in 1988 when H Acquisition Corp., led by investor George Fox, launched a takeover bid valued at $75 million, or $30 per share.

Mendelson Group's Ascendancy

In response to the Fox bid, a group of investors spearheaded by Laurans Mendelson increased their holdings. By 1989, the Mendelson group had made an offer of $42 million for the remaining shares and secured board representation.

The Mendelson group's influence grew, culminating in their assumption of management in 1990, a period that has since been characterized by substantial growth for HEICO Corporation. This leadership transition marked a new era for the company, aligning with its Mission, Vision & Core Values of Heico Cos.

Key Ownership Milestones

The ownership of HEICO Corporation has seen pivotal changes, moving from its founding to significant investor involvement and eventual management by a key group.

• Founded in 1957 by Dr. William Heinicke as Heinicke Instruments Co.
• Diversified into aviation in 1974 with the acquisition of Jet Avion.
• Tyco Laboratories held a 46% stake in the early 1980s before HEICO bought back its shares.
• In 1988, H Acquisition Corp. made a $75 million takeover bid.
• The Laurans Mendelson-led group increased its shareholding and gained board seats by 1989.
• Since 1990, the Mendelson group has managed HEICO, overseeing significant expansion.

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HEICO Corporation transitioned to a public entity, listing on the New York Stock Exchange in 1999. The company operates with two distinct classes of common stock: Class A Common Stock (HEI.A) and Common Stock (HEI). While economically similar, the primary distinction lies in their voting power, with Class A shares holding 1/10th of a vote and regular Common Stock holding one vote per share, a structure that enables insiders to retain significant control.

As of July 28, 2025, HEICO's market capitalization stands at approximately $44.91 billion. The ownership landscape is diverse, comprising institutional, retail, and individual investors. Institutional investors collectively own about 39.38% of HEICO's stock. Insiders hold a substantial 18.26%, while public companies and individual investors account for the remaining 42.37%. Key institutional shareholders include Vanguard, holding 6.86% of HEI shares, State Street Corp. with 5.64%, and Blackrock, Inc.

HEICO Corporation's Major Stakeholders

The Mendelson family maintains significant insider ownership in HEICO Corporation. This family's influence is a key aspect of HEICO stock ownership.

• Laurans Mendelson: Owns 4,143,868 shares (7.53%) as of July 2025.
• Victor Mendelson: Holds 2,785,854 shares (5.06%).
• Eric Mendelson: Possesses 2,654,813 shares (4.82%).
• The Mendelson Reporting Group, encompassing family trusts and partnerships, represents a considerable beneficial ownership.

Strategic acquisitions have been instrumental in HEICO's expansion, impacting its ownership dynamics. The company has completed over 90 acquisitions since the 1990s. A notable example is the $2.05 billion acquisition of Wencor Group in fiscal year 2024, which significantly bolstered its Flight Support Group. Understanding the Target Market of Heico Cos can provide further context on the company's strategic direction and growth.

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The Board of Directors at HEICO Corporation is instrumental in guiding the company's strategic direction, with a significant influence from the Mendelson family, who are also substantial shareholders. Laurans A. Mendelson currently serves as the Executive Chairman of the Board, a role he transitioned into after previously holding the positions of Chairman and CEO.

The voting power within HEICO Corporation is structured through a dual-class share system. Common Stock (HEI) carries one vote per share, while Class A Common Stock (HEI.A) carries one-tenth of a vote per share. As of January 17, 2025, HEICO had approximately 55,018,646 shares of Common Stock and 83,848,845 shares of Class A Common Stock outstanding. This arrangement, where the Mendelson family and related entities hold a considerable portion of the voting power through their Common Stock holdings, allows them to maintain significant control over the company's decisions. The board also benefits from the experience of independent directors, such as Thomas Culligan, who brings valuable aerospace and defense industry expertise. The board's collective experience is substantial, with an average tenure of 17.7 years among its members, reflecting a deep understanding of the company and its markets, a testament to the Marketing Strategy of Heico Cos.

HEICO Corporation's Board Structure and Voting Power

HEICO Corporation's board is a blend of family leadership and independent oversight. The Mendelson family's continued involvement ensures a strong alignment with long-term company vision.

• Laurans A. Mendelson is the Executive Chairman.
• Sons Eric A. and Victor H. Mendelson are Vice Chairmen and Co-CEOs.
• A dual-class share structure influences voting power.
• Independent directors provide external governance.
• The board exhibits significant average director tenure.

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HEICO Corporation has demonstrated robust financial growth and strategic expansion over the past few years, significantly influencing its ownership landscape. The company's commitment to acquisitions, coupled with a planned leadership transition, underscores a dynamic approach to sustained development and shareholder value.

Recent developments at HEICO Corporation highlight a strategic emphasis on growth and leadership continuity. The company achieved significant financial milestones in fiscal year 2024, with revenues reaching $3.86 billion, marking a substantial 29.97% increase year-over-year. This growth was supported by a net income of $514.11 million, up 27.38% from the previous year. A key element of this expansion was the acquisition of Wencor Group for $2.05 billion in fiscal year 2024, bolstering the Flight Support Group. This strategic move, alongside other acquisitions like Rosen Aviation LLC and Millennium International, reflects HEICO's aggressive pursuit of market opportunities.

Leadership Succession

A planned leadership transition occurred on May 1, 2025. Laurans A. Mendelson moved to Executive Chairman, with his sons Eric A. Mendelson and Victor H. Mendelson becoming Co-Chief Executive Officers, ensuring continuity.

Ownership Structure

Institutional investors hold approximately 39.38% of HEICO's stock, while insiders, including the Mendelson family, own about 18.26%. This indicates a stable, yet diversified, ownership base.

Shareholder Returns

HEICO Corporation maintains a consistent dividend policy, declaring its 93rd consecutive semi-annual cash dividend in December 2024. This demonstrates a commitment to rewarding shareholders while reinvesting capital for strategic growth.

Insider Transactions

Recent insider activity includes a planned sale of 60,000 Class A common shares by an insider around July 15, 2025, valued at approximately $19.296 million. This represents a small fraction of the total outstanding shares.

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