HEICO Exxelia Acquires 90% of CalRamic to Expand High-Voltage Capacitor Manufacturing
HEIA•HEICO’s Exxelia acquired 90% of CalRamic for an undisclosed cash sum, leaving founder Jeff Day with a 10% stake and marking the company’s fifth acquisition this fiscal year. HEICO expects the purchase to be accretive to earnings within one year and to bolster its U.S. high-voltage ceramic capacitor manufacturing.
1. Acquisition Details
HEICO’s Exxelia paid cash to acquire 90% of CalRamic Technologies, leaving founder Jeff Day with the remaining 10% stake. This transaction represents HEICO’s fifth acquisition in the current fiscal year, although financial terms remain undisclosed.
2. Strategic Impact
HEICO expects the acquisition to be accretive to consolidated earnings within one year, leveraging CalRamic’s U.S.-based manufacturing platform to reinforce its high-voltage ceramic capacitor capabilities for aerospace and defense applications.
3. CalRamic Profile
Based in Reno, Nevada, CalRamic designs and produces disc and multi-layer ceramic capacitors for high-voltage, high-pulse, and high-temperature environments, serving niche aerospace, defense and industrial markets for over two decades with a team of 40+ professionals.
4. Operational Continuity
CalRamic will continue operating under founder Jeff Day’s leadership in its existing facilities, with no expected team member turnover, and will integrate with Exxelia’s sales network and industry expertise to accelerate growth.
