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Industrials

Mid Continent Controls has been Acquired by HEICO Corporation

  • TM Capital served as exclusive financial advisor to Mid Continent Controls, Inc. (“MC2”), in connection with its sale to HEICO Corporation (NYSE: HEI)
  • Based in Derby, Kansas, MC2 is a niche designer and manufacturer of electronic components for business jets, offering a comprehensive suite of power distribution, in-flight entertainment, cabin management and connectivity solutions; MC2’s core products include power outlets, auxiliary ports, wireless charging bins, switch panels and seat controls
  • Founded in 1996 by Rick Hemphill, MC2 has established entrenched relationships with an expansive roster of business aircraft OEMs and aftermarket retrofitters, acting as a trusted partner to deliver highly engineered, mission-critical components that enhance the aircraft user experience
  • Based in Miami, Florida, HEICO Corporation (NYSE: HEI) primarily engages in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries
  • Following the acquisition, MC2 will maintain its established brand name while operating as part of HEICO’s Electronic Technologies Group; MC2 will report directly to Radiant Power Group, a complementary subsidiary of HEICO that provides electronic components for the commercial and private aircraft markets

Read the full press release

HAS BEEN ACQUIRED BY

Mid Continent Controls has been Acquired by HEICO Corporation

TM Capital served as exclusive financial advisor to Mid Continent Controls in connection with its sale to HEICO Corporation

Details

For more information, contact our industrials team at:

industrials@tmcapital.com

Client Testimonial

“We selected TM Capital due to their deep industrial manufacturing and engineering experience, aerospace & defense sector knowledge, strong relationships with likely buyers and senior-level commitment. From the outset, TM Capital took the time to deeply understand the differentiated elements of our business and our long-term vision as well as our shareholder transaction objectives. TM Capital's unwavering commitment to finding the right partner – one that is culturally and strategically aligned with our family's objectives – resulted in an extraordinary outcome. We are extremely excited about beginning our next chapter together with HEICO Corporation, a business with the resources to support our long-term growth strategy.”
– Rick Hemphill, Founder, Mid Continent Controls