Quell: Heico continues acquisition spree with all-cash deal

Aerospace and electronics giant Heico Corp. announced its sixth acquisition of the year with the majority purchase of Quell Corp. The all-cash deal for an undisclosed amount adds 55 employees to Hollywood-based Heico's workforce of more than 5,400 employees globally. Heico (NYSE: HEI), which now owns 80.1% of Albuquerque, New Mexico-based Quell, will not move the company's operations to South Florida. Quell founder Kevin Foreman and sales/marketing chief Scott Lindberg hold the remaining 19.9%...