HEICO Acquires Majority Stake in Sherwood Avionics

Acquisition boosts defense MRO capabilities and expands HEICO's Flight Support Group portfolio.

Apr. 8, 2026 at 8:57am

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A high-end, photorealistic studio still-life photograph featuring a polished metal aircraft component, a sleek hydraulic valve, and a precision-machined avionics module arranged elegantly on a clean, monochromatic seamless background, conceptually representing the technical expertise and quality craftsmanship of Sherwood Avionics' MRO services.HEICO's acquisition of Sherwood Avionics strengthens its defense MRO capabilities with the company's specialized technical expertise and premium component repair services.Opa-locka Today

HEICO Corporation has announced the acquisition of an 80% stake in Sherwood Avionics and Accessories, Inc., a Florida-based FAA and EASA Part 145-certified repair station specializing in complex mechanical and electro-mechanical component MRO for defense and select commercial aviation platforms.

Why it matters

The acquisition strengthens HEICO's defense-focused maintenance, repair, and overhaul (MRO) capabilities and aligns with the company's strategy to expand its Flight Support Group portfolio through strategic acquisitions of niche players.

The details

Sherwood Avionics provides OEM-authorized distribution, engineering support, and manufacturing services for a broad range of fixed-wing and rotary-wing aircraft, including platforms such as the Lockheed C-130 Hercules, Boeing CH-47 Chinook, McDonnell Douglas F-15 Eagle, General Dynamics F-16 Fighting Falcon, and Sikorsky UH-60 Black Hawk. The company operates from two facilities spanning approximately 70,000 square feet and employs around 150 personnel.

  • The acquisition was announced on April 8, 2026.

The players

HEICO Corporation

A leading global provider of aerospace, defense, and electronic parts, products, and services.

Sherwood Avionics and Accessories, Inc.

An FAA and EASA Part 145-certified repair station specializing in complex mechanical and electro-mechanical component MRO for defense and select commercial aviation platforms.

Eric A. Mendelson and Victor H. Mendelson

Co-Chairmen and Co-CEOs of HEICO.

Bryan Farrell

Will continue to lead operations at Sherwood Avionics.

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What they’re saying

“The acquisition of Sherwood Avionics is a highly strategic addition to our Flight Support Group, given Sherwood's strong reputation in defense MRO, established OEM relationships, and alignment with government customers.”

— Eric A. Mendelson and Victor H. Mendelson, Co-Chairmen and Co-CEOs of HEICO

“This partnership with HEICO provides long-term growth opportunities while preserving Sherwood's culture and commitment to technical excellence.”

— The Farrell family, Founders of Sherwood Avionics

What’s next

HEICO expects the acquisition to be accretive to its earnings within the first year following completion.

The takeaway

The acquisition of Sherwood Avionics strengthens HEICO's position in the defense MRO market, allowing the company to leverage Sherwood's specialized capabilities and customer relationships to expand its Flight Support Group portfolio.