HEICO Corporation Acquires Major Defense APU & Component Overhaul Business

The acquisition of Sherwood Avionics and Accessories strengthens HEICO's aviation maintenance and repair capabilities.

Apr. 7, 2026 at 1:08pm

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A high-end, photorealistic studio still-life photograph featuring a sleek, polished metal auxiliary power unit (APU) component, a set of precision aviation tools, and a technical schematic diagram, all arranged elegantly on a clean, monochromatic seamless background, conceptually representing the technical expertise and attention to detail that Sherwood Avionics brings to the defense and aerospace MRO market.HEICO's acquisition of Sherwood Avionics expands its capabilities in the lucrative defense and aerospace maintenance, repair, and overhaul market.Today in Miami

HEICO Corporation, a leading provider of aviation, defense, and electronics products and services, has announced the acquisition of 80% of Sherwood Avionics and Accessories, Inc., a Florida-based FAA and EASA Part 145 repair station specializing in the maintenance, repair, and overhaul of complex, mission-critical components for defense and commercial aviation platforms.

Why it matters

The acquisition of Sherwood Avionics and Accessories expands HEICO's capabilities in the lucrative defense and aerospace maintenance, repair, and overhaul (MRO) market, allowing the company to provide a broader range of services to its existing customer base while also gaining access to new defense industry clients.

The details

HEICO's Flight Support Group has acquired 80% of the stock of Sherwood Avionics and Accessories, Inc., a company founded in 1992 and headquartered near Miami's Opa-locka Airport. Sherwood is an FAA and EASA Part 145 repair station that specializes in the 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 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.

  • HEICO Corporation announced the acquisition on April 7, 2026.

The players

HEICO Corporation

A leading provider of aviation, defense, and electronics products and services, headquartered in Hollywood, Florida.

Sherwood Avionics and Accessories, Inc.

An FAA and EASA Part 145 repair station founded in 1992 and headquartered near Miami's Opa-locka Airport, specializing in the maintenance, repair, and overhaul of complex, mission-critical components for defense and commercial aviation platforms.

Bryan Farrell

A member of Sherwood's leadership team who will continue to lead the company's operations from its current facilities.

Eric A. Mendelson and Victor H. Mendelson

HEICO's Co-Chairmen and Co-Chief Executive Officers.

Farrell family

The family that has spent decades building Sherwood into a trusted partner to OEMs, government agencies, and operators around the world.

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What they’re saying

“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 to the HEICO family.”

— Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers

“Our family has spent decades building Sherwood into a trusted partner to OEMs, government agencies and operators around the world. In HEICO, we found a proven long-term partner that respects our culture, values our team, and shares our commitment to technical excellence and customer service. We are excited about our continued OEM-aligned growth and the many opportunities ahead as part of the HEICO organization.”

— Farrell family

What’s next

HEICO expects the acquisition to be accretive to its earnings in the year following the closing of the transaction.

The takeaway

The acquisition of Sherwood Avionics and Accessories strengthens HEICO's position in the defense and aerospace maintenance, repair, and overhaul (MRO) market, allowing the company to provide a broader range of services to its existing customers while also gaining access to new defense industry clients.