Heico Corp. (NYSE: HEI.A, HEI) is acquiring Reinhold Holdings Inc., a company that makes parts for the aviation industry.
Reinhold produces heat resistant, custom composite parts, especially seating, for the aviation, defense and space industries. Terms of the deal were not disclosed.
Private equity firm the Jordan Co. bought Reinhold in 2006, through the Resolute Fund LP. During Jordan’s ownership, the company acquired Santa Clarita, Calif.-based Enpro Engineered Products Inc., a company that makes headrests, footrests and armrests.
Hollywood, Fla.-based Heico manufactures products for commercial and military aircrafts, as well as industrial turbines and missiles.
Jordan, headquartered in New York, has about $5 billion in capital under management. The company’s investments include American Fast Freight Inc., Vantage Specialty Chemicals Holdings Inc. and Zest Anchors Inc.
Lazard acted as Reinhold’s financial adviser, and Mayer Brown LLP acted as Jordan’s legal counsel.