HEICO Corporation has announced that its Exxelia subsidiary has acquired a 90% stake in CalRamic Technologies, a U.S.-based specialist in high-voltage ceramic capacitors for high‑reliability markets.
The deal strengthens Exxelia’s position in high-voltage ceramic capacitor technologies while preserving CalRamic’s existing leadership and workforce.
Strategic move in aerospace and defense passives
HEICO expects the acquisition to be accretive to earnings within the first year following closing, underscoring the strategic and financial fit of CalRamic within its Electronic Technologies Group portfolio. This transaction represents HEICO’s fifth acquisition in the current fiscal year, highlighting a continued expansion strategy targeted at niche, high‑reliability electronics segments.
CalRamic, headquartered in Reno, Nevada, designs and manufactures high-voltage ceramic capacitors for demanding aerospace, defense, and selected industrial applications where reliability under high voltage, pulse, and temperature stress is critical. By integrating CalRamic into Exxelia, HEICO gains a U.S. high‑voltage ceramic capacitor manufacturing platform that can enhance supply assurance and technology depth for global OEMs and tier suppliers.
CalRamic’s technology and product focus
Founded in 2002, CalRamic’s portfolio centers on two core product families: disc capacitors and multilayer ceramic capacitors (MLCC). Disc capacitors, as single‑layer devices, are tailored for high‑voltage, high‑pulse, and high‑temperature environments, making them suitable for applications such as radar, pulsed power, and power conditioning in harsh operating conditions.
The company’s MLCC offering targets high-voltage requirements where compact form factor and stable electrical performance are needed across a wide operating range. Over more than two decades, CalRamic has positioned itself as a niche, specialized supplier, focusing on high‑reliability sectors rather than broad commodity MLCC markets.
Integration into Exxelia’s global capacitor business
CalRamic will become part of Exxelia within HEICO’s Electronic Technologies Group, complementing the subsidiary’s ongoing expansion in high-voltage ceramic capacitor technologies. Exxelia gains an established U.S. design and manufacturing base, enabling closer collaboration with North American aerospace and defense customers and supporting qualification-intensive programs with localized production.
Operationally, CalRamic will remain in its existing Reno facilities and continue to be led by founder and CEO Jeff Day, with HEICO not anticipating any team member turnover as a result of the transaction. The company employs over 40 professionals, whose design, process, and application expertise in high‑voltage ceramics represent a key part of the acquired value.
Management perspectives on growth and capabilities
HEICO Co-Chairmen and CEOs Eric A. Mendelson and Victor H. Mendelson, together with Exxelia CEO Paul Maisonnier, highlighted the acquisition as an important step in expanding high‑reliability and high‑voltage ceramic capacitor capabilities across the group. They noted that CalRamic’s specialized know‑how and market positioning will help accelerate development of advanced capacitor solutions addressing stringent performance and qualification requirements.
CalRamic CEO Jeff Day emphasized the strategic fit in joining Exxelia and HEICO, citing the ability to leverage Exxelia’s global sales network and industry experience while preserving the company’s customer‑focused culture. The partnership is expected to support faster growth through extended market reach and access to broader engineering, industrialization, and operational resources.
HEICO’s broader electronics and aerospace footprint
HEICO Corporation operates through its Flight Support Group in Hollywood, Florida, and its Electronic Technologies Group in Miami, Florida, serving niche segments of aviation, defense, space, medical, telecommunications, and electronics industries. Its customer base includes a majority of the world’s airlines and overhaul shops, defense and space contractors, military agencies, and manufacturers of medical, telecom, and electronic equipment.
The acquisition of CalRamic aligns with HEICO’s strategy of acquiring specialized technology businesses that complement its existing portfolio, add proprietary capabilities, and address high‑reliability, mission‑critical markets. HEICO continues to caution that forward‑looking statements regarding expected earnings accretion and integration benefits are subject to various risks, including market conditions, customer demand, and regulatory and competitive factors as disclosed in its filings with the U.S. Securities and Exchange Commission.
Source
This article is based on information provided in HEICO Corporation’s official press release distributed via Access Newswire, supplemented with publicly available corporate background details.
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