HEICO Corporation Mourns Passing of Executive Chairman Laurans Mendelson

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[{"type":"text","content":"MIAMI, FL / ACCESS Newswire / September 29, 2025 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today reported that Laurans A. Mendelson, the Company's Executive Chairman of the Board, passed away on September 27, 2025 at age 87. He is survived by his wife of 63 years, Arlene Mendelson, two sons and daughters-in-law, six grandchildren and one great-grandchild.","length":362,"tagName":"p"},{"type":"text","content":"Following Mr. Mendelson's passing, Eric A. Mendelson and Victor H. Mendelson, the Company's Co-Vice Chairmen and Co-Chief Executive Officers were named Co-Chairmen of the Company's Board of Directors, in accord with HEICO's long-existing succession plans approved by the Company's Board of Directors. They remain the Company's Co-Chief Executive Officers. The Company further stated that it does not anticipate any changes to HEICO's business or operations as a result of Mr. Mendelson's passing.","length":528,"tagName":"p"},{"type":"text","content":"Mr. Mendelson and his sons took over HEICO's management in 1990 after becoming the company's largest shareholders. HEICO was then a small, troubled aviation products company with $26 million in net revenues and a similar market capitalization.","length":251,"tagName":"p"},{"type":"text","content":"Under Mr. Mendelson's guidance and leadership, they worked with extraordinarily talented people to build one of the largest and most respected US-based, but global, aerospace and defense companies, designing and manufacturing tens of thousands of aerospace and defense components found on nearly every commercial airliner and business jet currently in use, along with many defense and space platforms used by the United States and its allies. Today, HEICO has a market capitalization of approximately $39 billion and revenue nearing $4.5 billion, generating significant cash flow from operations, while employing around 11,000 people worldwide. $100,000 invested in HEICO shares at the time Mr. Mendelson and his sons took over HEICO's management became worth over $130 million, representing a compound annual growth rate of nearly 23%. HEICO has grown to operate in 164 facilities in 15 countries and 29 states in the United States.","length":941,"tagName":"p"},{"type":"text","content":"Mr. Mendelson served as the Company's Chairman and Chief Exe...

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