HEICO’s Flight Support Group has acquired an 80% stake in Sherwood Avionics and Accessories (Sherwood), with the remaining ownership retained by members of Sherwood’s management team. Terms of the transaction were not disclosed.
HEICO said it expects the acquisition to be earnings accretive within the first year following completion.
Founded in 1992 and headquartered near Miami’s Opa-locka Airport, Sherwood is an FAA and EASA Part 145 repair station specialising in the maintenance, repair and overhaul (MRO) of complex, mission-critical mechanical and electromechanical components for defence and selected commercial aviation platforms. Its capabilities span auxiliary power units (APUs), landing gear systems, wheels and brakes, pneumatics, hydraulics, fuel and lighting systems, avionics components and related accessories. The company also provides OEM-authorised distribution, engineering services and manufacturing capabilities.
Sherwood supports a broad range of fixed- and rotary-wing aircraft, including the C-130, CH-47, F-15, F-16 and UH-60, among other defence platforms. It operates from two adjacent facilities totalling around 70,000 square feet and employs approximately 150 staff. Bryan Farrell, a member of Sherwood’s leadership team, will continue to lead operations from the company’s current facilities.
HEICO Corporation focuses on the design, production, servicing and distribution of products and services for niche segments within the aviation, defence, space, medical, telecommunications and electronics sectors, through its Hollywood, Florida-based Flight Support Group and Miami-based Electronic Technologies Group.
