Cabin Interior and Electronics
Heico Expands Bizjet Foothold with Mid Continent Controls Buy
Mid Continent leaders will retain a 12% stake in company
Mid Continent Controls custom connectivity panel (Photo: Mid Continent Controls)
Mid Continent Controls provides hundreds of cabin electronics, such as this custom connectivity panel, for in-production business jets and those in the aftermarket.

Heico’s Electronic Technologies group is acquiring an 88% stake in business jet power and entertainment components specialist Mid Continent Controls (MC2). While details of the acquisition were not disclosed, Heico said the agreement calls for cash at closing and that key MC2 managers would own the remaining portion of the company. The aerospace services and supply conglomerate further expects the deal to be accretive to its earnings within a year.

Analyst Jefferies estimated that MC2 could contribute about $15 million in annual sales to Heico and provide a greater footprint in the business jet market. While Heico did not share profitability details, Jefferies noted that the company has established a threshold of more than 20% EBIT for its transactions. This acquisition is the fourth for Heico in the past year.

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