HEICO Acquires 80% of Sherwood Avionics with 70,000-Sq-Ft MRO Facility
HEICO’s Flight Support Group acquired an 80% stake in Sherwood Avionics and Accessories, integrating a 70,000-square-foot, FAA/EASA Part 145 MRO facility employing 150 staff. The company expects the deal to be earnings-accretive in the year after closing.
1. Acquisition Overview
HEICO’s Flight Support Group purchased 80% of Sherwood Avionics and Accessories, with the remaining 20% held by Sherwood’s management team. Financial terms were not disclosed, and HEICO expects the transaction to be accretive to earnings in the year following closing.
2. Sherwood’s Capabilities
Founded in 1992, Sherwood operates two adjacent Florida facilities totaling approximately 70,000 square feet and employs about 150 team members. It holds FAA and EASA Part 145 repair station certifications and specializes in MRO of APUs, landing gear, wheels and brakes, pneumatics, hydraulics, fuel and lighting systems, along with OEM-authorized distribution and engineering services.
3. Strategic Impact
The acquisition bolsters HEICO’s defense-focused MRO offerings, adding Sherwood’s technical expertise and existing OEM relationships for platforms such as the C-130, CH-47, F-15, F-16 and UH-60. Management highlights disciplined execution and decentralized operations as drivers for synergies and future growth within HEICO’s Flight Support Group.