HEICO’s Exxelia Acquires 90% of CalRamic, Expects Earnings Accretion
HEI•Exxelia, HEICO’s Electronic Technologies Group subsidiary, acquired a 90% stake in CalRamic Technologies for an undisclosed cash payment and expects the deal to be earnings-accretive within one year. The acquisition, HEICO’s fifth this fiscal year, grants Exxelia a U.S.-based high-voltage ceramic capacitor manufacturing platform serving aerospace, defense and industrial markets.
1. Acquisition Details
Exxelia acquired a 90% stake in CalRamic Technologies for an undisclosed cash consideration, with CalRamic’s founder retaining 10% ownership. HEICO expects the acquisition to be accretive to earnings within one year and marks the company’s fifth acquisition in the current fiscal year.
2. CalRamic Technologies Profile
Based in Reno, Nevada, CalRamic designs and manufactures high-voltage ceramic capacitors, including single-layer disc capacitors and multi-layer ceramic capacitors (MLCC), primarily for aerospace, defense and select industrial applications. The company employs over 40 professionals.
3. Strategic Impact for Exxelia
The acquisition provides Exxelia with a U.S.-based manufacturing platform for high-reliability, high-voltage ceramic capacitors, expanding its product portfolio and strengthening its position in key aerospace and defense markets. It aligns with Exxelia’s strategy to broaden its capacitor offerings.
4. Management Perspective
HEICO’s co-chairmen and Exxelia’s CEO emphasized that integrating CalRamic will leverage Exxelia’s sales network and industry expertise to accelerate growth while preserving CalRamic’s leadership and team-centric culture under founder Jeff Day.
