Heico to acquire Axillon Aerospace’s Fuel Containment business

HEICO’s (HEI) Electronic Technologies Group has agreed to acquire Axillon Aerospace’s Fuel Containment Business from affiliates of SK Capital Partners for cash payable at closing. Financial terms and details were not disclosed. SK Capital will continue to own Axillon Aerospace’s Engineered Composites business. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing. Axillon Fuel Containment is the leading military specification fuel-cell designer and manufacturer for US-built military aircraft, as well as certain commercial aircraft and military ground vehicles. Its products provide crashworthy and, often, ballistically tolerant fuel cells on a broad range of aircraft and defense systems, including, among many others, the F-16, F-15, F/A-18, CH-47 Chinook, KC 135, B-52, AH-64 Apache, V-22 Osprey and the Bradley Fighting Vehicle. Axillon Fuel Containment also makes sealants used in aerospace and defense applications. Originally part of Goodyear Tire & Rubber, Axillon Fuel Containment pioneered self-sealing fuel tanks during World War II and later created the world’s first crashworthy fuel-cell. Its products are mission-critical and life-saving items relied on by the US military, along with numerous aircraft and defense manufacturers. Based in Rockmart, GA, Axillon Fuel Containment employs approximately 530 people in the business’ nearly 600,000 square foot engineering, manufacturing and management facility located there. Axillon Fuel Containment will remain in its current facilities after closing and HEICO stated that it does not expect any material staff turnover at Axillon Fuel Containment. Further, Axillon Fuel Containment will continue to be overseen by its current management team, led by Tom Holst. Closing is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act. HEICO stated that it expects the closing to occur in the first calendar quarter of 2026. Axillon Fuel Containment’s name will change post-closing to a name that will soon be selected.