HEICO Corporation has acquired an 80% stake in US-based maintenance, repair and overhaul (MRO) provider Sherwood Aviation, with the transaction completing on April 6, 2026.
Sherwood Aviation, founded in 1992 and headquartered near Opa-locka Airport in Florida, specialises in the repair and overhaul of mechanical and electro-mechanical components for defence and selected commercial aviation platforms. Its capabilities include work on auxiliary power units, landing gear systems, hydraulics, avionics components and other mission-critical equipment.
The remaining 20% stake will be retained by Sherwood’s management team, allowing continuity in operations as the company enters its next phase of growth under HEICO’s ownership.
Investment banking firm XLCS Partners acted as exclusive M&A adviser to Sherwood Aviation on the transaction.
The deal strengthens HEICO’s presence in the aerospace aftermarket and defence MRO segment, adding a specialised component repair platform with an established customer base spanning OEMs, government agencies and operators worldwide.