Airplane parts distributor Heico Corp. (NYSE: HEI) is acquiring Robertson Fuel Systems LLC from American Securities LLC for $255 million in cash.

Robertson, founded in 1977 and based in Tempe, Arizona, produces fuel tanks for military and commercial aircrafts along with other automotive vehicles.  American Securities acquired the target in 2006.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.