EagleTribune.com, North Andover, MA

Breaking News

Latest News

February 24, 2013

Pelham company expands

(Continued)

“Our commitment is to work tirelessly to be the world’s leader in the thermal solutions industry,” Kreger said.

BusinessNH Magazine last year rated Wakefield-Vette as the third fastest-growing private company in New Hampshire.

The magazine reported the company employs more than 1,000 people and has facilities in North Carolina, Wisconsin, California and China, in addition to Pelham and New York.

Heico, the parent company, headquartered in Illinois, has $2 billion in assets with 35 businesses in 12 countries that specialize in manufacturing, construction and industrial services.

Heico’s website signals why it found the Pelham opportunity attractive.

“Heico prefers to acquire companies that possess significant market share as well as products or services that exhibit above-average opportunities for revenue and earnings growth,” the company’s profile said.

The business sector is experiencing mergers and acquistions, with New Hampshire on the front lines.

Audax Group of Boston announced in December the acquisition of a Wakefield-Vette competitor, Aavid Thermalloy, which is headquartered in New Hampshire with offices in Concord.

Aavid Thermalloy also said it is aiming to grow its market share.

Text Only | Photo Reprints
Latest News

AP Video
Official: Air Algerie Flight 'probably Crashed' TSA Administrator on Politics and Flight Bans Raw: National Guard Helps Battle WA Wildfires Raw: Ukraine's Donetsk Residents Flee Senators Push to End Hamas Threat in Cease-Fire A Young Victim's Premonition, Hug Before MH17 U.N. School in Gaza Hit by Israeli Strike Raw: Deadly Storm Hits Virginia Campground Officials Warn of Avoidable Death in Hot Cars Death Penalty Expert: 'This is a Turning Point' House Committee at Odds Over Obama Lawsuit Raw: MH17 Victim's Bodies Arrive in Netherlands Raw: UN School Used As Shelter Hit by Tank Shell Raw: Gunmen Attack Iraqi Prison Convoy Plane Leaves Ukraine With More Crash Victims The Rock Brings Star Power to Premiere Raw: Families Travel to Taiwan Plane Crash Site Arizona Execution Takes Almost Two Hours Crash Kills Teen Pilot Seeking World Record
Photos of the Week