HEICO Corporation (NYSE:HEI) agreed to acquire Fuel Containment Business from Axillon Aerospace from Axillon Aerospace on November 10, 2025. As part of the cquisition, SK Capital will continue to own Axillon Aerospace's Engineered Composites business and Axillon Fuel Containment will continue to be overseen by its current management team, led by Tom Holst. Axillon Fuel Containment's name will change post-closing to a name that will soon be selected.

The transaction is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act and is expected to close in the first calendar quarter of 2026.

Guggenheim Securities, LLC and Lazard, Inc. acted as financial advisor and Latham & Watkins LLP acted as legal advisor for Axillon Aerospace. Pillsbury Winthrop Shaw Pittman LLP acted as legal advisor for HEICO Corporation.