HEICO Corporation agreed to acquire 80.1% of the operating units of Air Cost Control (“A2C”).  A2C’s founders, Laurent and Laure Parelle, will continue to own 19.9% of A2C.  Details of the deal, which is expected to be completed within 45 days, were not disclosed.

Founded by the Parelles in 2000, A2C distributoes aviation electrical interconnect products such as connectors, wire, cable, protection and fastening systems, as well as electromechanical parts.  A2C’s customers include aircraft manufacturers and their sub-tier suppliers, as well as airlines and MROs.

A2C maintains inventory and support centers in Hamburg, Germany; Sunrise, FL; and Toulouse, France; as well as satellite offices in Paris, Beijing, Madrid, and Singapore, and employs 130 workers.  A2C’s management team will remain with the company in their existing roles and HEICO stated that it does not expect any employee turnover to result from the acquisition.

HEICO supplies products and services to the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. Web: heico.com

Editor’s Note: An earlier version of this article incorrectly identified HEICO Corp. as the owner of Ifastgroupe.