HEICO Corp Expands with Sherwood Aviation Acquisition

HEICO Corp's Flight Support Group acquires 80% stake in Sherwood Aviation, boosting aerospace and defense MRO capabilities. XLCS Partners advised on the deal.

sivam April 14, 2026

HEICO Corporation’s Flight Support Group has acquired an 80% stake in Sherwood Aviation, a move that underscores the ongoing consolidation within the aerospace and defense maintenance, repair, and overhaul (MRO) sector. XLCS Partners acted as the exclusive M&A advisor to Sherwood Aviation in this transaction, which was finalized on April 6, 2026.

Sherwood Aviation, recognized as an FAA and EASA Part 145 repair station, specializes in the MRO of intricate mechanical and electro-mechanical components critical for both defense and select commercial aviation platforms. HEICO’s acquisition aims to broaden its capabilities and client base within the aerospace and defense MRO landscape.

The remaining 20% ownership of Sherwood Aviation will continue to be held by the company’s management team, ensuring continuity and alignment of interests. Bryan Farrell, CEO of Sherwood Aviation, and Joe Contaldo, Partner and head of XLCS Aerospace & Defense, both emphasized the benefits of the deal for Sherwood Aviation’s team, customers, and future growth prospects under HEICO’s umbrella.

This acquisition reflects a broader trend of companies in the aerospace and defense sectors seeking to expand their service offerings and market presence through strategic mergers and acquisitions. HEICO’s investment in Sherwood Aviation is poised to enhance its position in the competitive MRO market, leveraging Sherwood’s expertise in specialized component repairs.