Heico Corp. (NYSE: HEI) has completed the acquisition of privately held communications data collector Midwest Microwave Solutions Inc. from management. In addition, Heico bought Astroseal Products Manufacturing Corp.
Hiawatha, Iowa-based Midwest Microwave, founded in 2005, makes electronic intercept receivers for the military and intelligence sector. The target’s management will retain a 20 percent stake in the company.
Separately, Hollywood, Florida-based Heico has acquired Astroseal Products Manufacturing Corp. The Chester, Connecticut-based target, founded in 1965, makes composites for airplanes that are used to protect them against lightning strikes.
These two deals follow Heico’s acquisition of Aerospace & Commercial Technologies. The target makes wing flaps and speed brakes for F-16s.
Aerospace deals have been picking up lately including Warren Buffett's Berkshire Hathaway Inc.'s (NYSE: BRK.A) $37 billion deal for Precision Castparts. That acquisition was announced after Precision said it will buy a pair of rivals in Composites Horizons LLC and Noranco Inc.