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HEICO Corporation Acquires Major Defense APU & Component Overhaul Business
MIAMI, FL / ACCESS Newswire / April 7, 2026 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Flight Support Group has acquired 80% of the stock of Sherwood Avionics and Accessories, Inc. ("Sherwood"). The balance of the Company's ...
About this update from Heico Corporation
[{"type":"text","content":"MIAMI, FL / ACCESS Newswire / April 7, 2026 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Flight Support Group has acquired 80% of the stock of Sherwood Avionics and Accessories, Inc. ("Sherwood"). The balance of the Company's ownership will continue to be held by members of Sherwood's management team. Transaction terms and financial details were not disclosed.","length":403,"tagName":"p"},{"type":"text","content":"HEICO stated that it expects the acquisition to be accretive to its earnings in the year following closing.","length":107,"tagName":"p"},{"type":"text","content":"Founded in 1992 and headquartered near Miami's Opa-locka Airport in Florida, Sherwood is an FAA and EASA Part 145 repair station specializing in the maintenance, repair and overhaul (MRO) of complex, mission-critical mechanical and electro-mechanical components for defense and select commercial aviation platforms. The Company's capabilities include auxiliary power units (APUs), landing gear systems, wheels and brakes, pneumatics, hydraulics, fuel and lighting systems, avionics components and related accessories. Sherwood also provides OEM-authorized distribution, engineering services and manufacturing capabilities.","length":630,"tagName":"p"},{"type":"text","content":"The Company supports a wide range of fixed-wing and rotary-wing aircraft, including the C-130, CH-47, F-15, F-16, UH-60 and other defense platforms. Sherwood operates from two adjacent facilities totaling approximately 70,000 square feet and employs approximately 150 team members. Bryan Farrell, a member of Sherwood's leadership team, will continue to lead the Company's operations from its current facilities.","length":420,"tagName":"p"},{"type":"text","content":"Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, jointly commented: "The HEICO Team has admired Sherwood for decades and this represents a highly strategic addition to HEICO's Flight Support Group. Sherwood has an outstanding reputation for technical excellence and reliability in defense-focused MRO with strong OEM relationships, government alignment, and a culture of disciplined execution, thereby making it a perfect fit within HEICO's decentralized operating model. We are pleased to welcome the entire Sherwood team...