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HEICO takes majority stake in Sherwood
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HEICO takes majority stake in Sherwood
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 sta…
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