HEICO’s Exxelia acquires 90% stake in CalRamic Technologies
HEICO (NYSE:HEI) announced that its Exxelia subsidiary has acquired a 90% stake in CalRamic Technologies, a Reno, Nevada-based manufacturer of high-voltage ceramic capacitors.
The remaining ownership will continue under CalRamic founder and CEO Jeff Day.
Financial terms of the transaction were not disclosed.
The acquisition, HEICO’s fifth in the current fiscal year, is expected to be accretive to earnings within a year of closing.
CalRamic specializes in disc capacitors and Multi-Layer Ceramic Capacitors (MLCC), serving high-reliability applications in aerospace, defense, and select industrial markets.
Disc capacitors support high-voltage, high-pulse, and high-temperature environments, while MLCCs address a broader range of high-voltage requirements.
CalRamic will operate under Exxelia, part of HEICO’s Electronic Technologies Group, enhancing the subsidiary’s high-voltage ceramic capacitor offerings and providing a strategic U.S.-based manufacturing platform.
The company’s 40-plus employees will remain in place, and leadership under Jeff Day will continue.
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