“The strategic acquisition of Costello/April Design is a significant complement to the broad portfolio of thermal management hardware businesses within Heico.” - Steve Frediani
Chicago, IL (PRWEB) November 01, 2016
The Heico Companies LLC, the parent holding company for a diversified portfolio of over 40 businesses involved in manufacturing, construction and industrial services, announced the acquisition of Costello/April Design Incorporated today. Costello/April Design is a manufacturer and supplier of engineering services, compact heat exchangers, CNC machined components and electronic enclosures to a variety of aerospace customers and joins Heico entities Wakefield Vette and Vette Technology (Dongguan) Ltd., premier designers, manufacturers and distributors of thermal management solutions.
“The strategic acquisition of Costello/April Design is an excellent complement to the portfolio of thermal management businesses within Heico,” Steve Frediani, President and CEO of Heico’s Ancra Diversified Manufacturing Group, explained. “The addition of Costello/April Design will give us a strong foothold in a variety of industrial and aerospace thermal management industries.”
Since 1993, Costello/April Design has been a premier designer and manufacturer of highly engineered compact heat exchangers, CNC machined components and electronic enclosure products utilizing sophisticated vacuum and dip brazing processes. Costello/April Design’s headquarters are located in Dover, New Hampshire.
“While each of Heico’s businesses run on a stand-alone basis, the various companies within the thermal management hardware space share resources and best management practices, in a concerted effort to push our industry forward,” Frediani added. “The addition of the Costello/April Design team, products and services will further enhance our capability and commitment to deliver the innovation, quality and services our customers deserve.”
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The Heico Companies LLC is the parent holding company for a diversified portfolio of over 35 businesses involved in manufacturing, construction and industrial services. Since its founding over 30 years ago, Heico has grown by acquiring companies and providing them with the resources to strengthen their service offerings and expand their operations. Heico has a tradition of holding the businesses that it acquires for the long term and while each business runs on a stand-alone basis, Heico’s many operations benefit from the opportunity to share resources and best management practices with all of the other businesses in the Heico family. Learn more about The Heico Companies LLC at: http://www.heicocompanies.com.