Reported by Heather Thomas, UCRREI jointly announced this week with HEICO Corporation that HEICO’s Electronic Technologies Group has partnered with (REI) Research Electronics International, LLC. REI’s two owners are remaining, Bruce Barsumian and Tom Jones.
Laurans A. Mendelson, HEICO’s Chairman and Chief Executive Officer, along with Victor H. Mendelson, HEICO’s Co-President and Chief Executive Officer of the Electronic Technologies Group, jointly remarked, “From the moment we met Bruce and Tom, we knew they were a perfect fit with HEICO’s culture. Their passion for their products, customers, team members and suppliers in a niche market greatly impressed us. We have no doubt REI will continue to be the best in its field.”
REI is the leading designer and manufacturer of Technical Surveillance Countermeasures (“TSCM”) equipment to detect devices used for espionage and information theft. REI’s products, which are fully designed and manufactured internally, are known as the most advanced and user-friendly in the TSCM industry. REI’s customers include government agencies, law enforcement, corporate security personnel and TSCM professionals worldwide. REI’s equipment is in use in over 100 countries.
REI was founded in 1983 by its President, Bruce Barsumian. Tom Jones of REI became the general manager and part owner in 1995. The two have been REI’s equal owners and their leadership brought them to the top of their field. Mr. Jones has moved to the President’s position and Mr. Barsumian is now REI’s Chief Scientist, at his request. Both Mr. Barsumian and Mr. Jones remain committed to REI, as both team members and substantial owners.
Bruce Barsumian and Tom Jones together commented, “Partnering with HEICO is the right thing for our customers, team members, suppliers and for our families. For more than 36 years, REI has been the most innovative business in our field and we wanted to be a part of a group that is committed to innovation, while also treating its people well. We found that partner in HEICO and look forward to a strong future together”.
REI will continue to operate in its current 50,000 square foot, state-of-the-art, fully-integrated and self-contained domestic research, design, manufacturing and training facility located in Cookeville, TN. Further, HEICO and REI stated that they do not expect any staff turnover from among REI’s 65 highly-regarded Team Members to result from the acquisition.
HEICO is headquartered in Hollywood, Florida and is a leader in the Aerospace, Defense, and Electronics Industries.
For more information about HEICO, please visit website at http://www.heico.com. Information gathered from press release.
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