Axillon Aerospace Enters Into Definitive Agreement To Sell Its Fuel Containment Business To Heico Corporation
Axillon Aerospace (“Axillon”) announced today that it has signed a definitive agreement to sell its Fuel Containment business to HEICO Corporation (NYSE: HEI.A and HEI).
Axillon’s Fuel Containment business is a leading provider of specialized fuel containment solutions for fixed- and rotary-wing defense and commercial aircraft, featuring differentiated materials and intellectual property. The business pioneered self-sealing and crashworthy fuel cell technology for use in the aviation industry and has grown its leadership position for over 80 years. The company’s operations are based in Rockmart, Georgia, where it employs approximately 530 people.
Following the close of the transaction, Axillon Aerospace will continue to operate its Engineered Composites business, a leading manufacturer of engineered carbon fiber composite components for defense and commercial aerospace engine, airframe, and radome applications that SK Capital Partners (“SK Capital”) carved out of Parker Hannifin in October 2024.
“I would like to thank the Axillon Fuel Containment team for its commitment to excellence and for building a world-class organization that delivers flight-critical components vital to aviation safety. This transaction honors Axillon Fuel Containment’s focus on strong customer partnerships. With HEICO’s proven record of performance and value creation, we’re confident they will provide the ideal platform for Axillon Fuel Containment’s continued growth and customer focus,” said Kevin Vicha, Chief Executive Officer of Axillon.
“We have been privileged to support the Axillon team through its transformation since becoming an independent business. Axillon Fuel Containment has delivered strong growth over that time and built a robust pipeline for continued excellence. Going forward, Axillon Engineered Composites will continue to build upon its strong foundation of delivering innovative carbon fiber composite components for mission-critical applications across the aerospace & defense sector,” said Jared Kramer, a Managing Director at SK Capital.
The transaction is subject to customary closing conditions, including required regulatory approvals, and is expected to close in the first quarter of 2026. Guggenheim Securities and Lazard served as financial advisors to Axillon, and Latham & Watkins LLP acted as legal counsel.
About Axillon Aerospace
Axillon Aerospace is a leading provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets. The business generates annual sales of approximately $400 million, operates six manufacturing locations across the USA and Mexico, and employs approximately 1,700 people. For more information, please visit www.axillonaerospace.com.
About SK Capital
SK Capital is a transformational private investment firm with a disciplined focus on the specialty materials, ingredients, and life sciences sectors. The firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital currently has approximately $10 billion in assets under management as of December 31, 2024. For more information, please visit www.skcapitalpartners.com.
About HEICO
HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO’s customers include a majority of the world’s airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at www.heico.com.