XLCS Partners Facilitates Strategic Acquisition of Sherwood Aviation by HEICO Corporation

On April 6, 2026, Sherwood Aviation, known for its excellence in maintenance, repair, and overhaul (MRO) services, was officially acquired by HEICO Corporation, with XLCS Partners acting as the exclusive M&A advisor throughout this process. This acquisition underscores Sherwood Aviation's reputation as a crucial player in the aerospace and defense sectors.

About Sherwood Aviation
Established in 1992 and strategically located near Miami’s Opa-locka Airport in Florida, Sherwood Aviation specializes in the maintenance and overhaul of complex mechanical and electro-mechanical components crucial for defense and select commercial aviation platforms. Their extensive capabilities include servicing auxiliary power units (APUs), landing gear systems, avionics components, and other critical aerospace accessories. Their commitment to technical excellence has garnered trust from original equipment manufacturers (OEMs) and government agencies worldwide.

The Acquisition Process
In this transaction, HEICO Corporation acquired an 80% stake in Sherwood Aviation, retaining the remaining ownership share for Sherwood's management team. Bryan Farrell, CEO of Sherwood Aviation, expressed his enthusiasm about the acquisition, stating, “This is a tremendous outcome for Sherwood Aviation, our team, and our customers. HEICO is the ideal partner to support our next chapter of growth.” He emphasized that the acquisition allows Sherwood to preserve its legacy since its founding while focusing on future growth opportunities.

Joe Contaldo, Partner at XLCS Partners and head of Aerospace & Defense, remarked on Sherwood Aviation’s long-standing service and market position. “Sherwood is precisely the type of MRO platform that sophisticated buyers in the market recognize and pursue. We are honored to have guided them through this pivotal transaction.” The diligence and expertise provided by the XLCS team were pivotal in navigating the complexities of this acquisition.

Strategic Advantages for Both Parties
The merger of Sherwood Aviation and HEICO Corporation stands to enhance operational efficiency and innovation in the aerospace sector. HEICO, recognized for its advanced technology and commitment to customer service, will bolster Sherwood's existing service offerings while providing additional resources for growth. This synergy is expected to create a comprehensive range of solutions, benefiting both entities and their respective customer bases.

As the aerospace industry continues to evolve with technological advancements, this acquisition positions both Sherwood and HEICO to achieve their strategic objectives and meet the challenges of the modern aviation landscape. With HEICO’s extensive network and Sherwood’s technical prowess, they are well-prepared to navigate future developments in the aviation industry, ensuring robust service delivery and innovation.

In conclusion, the successful acquisition of Sherwood Aviation by HEICO Corporation is a testament to the effective advisory role played by XLCS Partners. Their expertise not only facilitated a foundational industry transaction but also ensures the continued legacy and growth of Sherwood Aviation in the complex aerospace and defense market.

To learn more about the services offered by XLCS Partners and their role in M&A advisory, visit www.xlcspartners.com.