Tuesday, June 20, 2017

Carbon by Design Acquired By HEICO

Oceanside-based Carbon by Design, a manufacturer of composite components for UAVs, spacecraft, and rockets, has been acquired by Florida-based HEICO Corporation. Financial details of the acquisition were not disclosed. Carbon by Design was founded by Dominick Consalvi in 2003. According to HEICO, it expects to keep Carbon by Design's 75 team members and entire management team with the acquisition. Carbon by Design engineers and manufactures composites used by commercial launch vehicles and spacecraft, as well as multiple UAV manufacturers, according to HEICO. HEICO said it expects the acquisition to be accretive to its earnings within the first year after the acquisition.