Latham & Watkins Advises SK Capital in Sale of Axillon’s Fuel Containment Business

Axillon Aerospace (Axillon), a portfolio company of SK Capital, announced that it has signed a definitive agreement to sell its Fuel Containment business to HEICO Corporation (NYSE: HEI.A and HEI). The transaction is subject to customary closing conditions, including required regulatory approvals, and is expected to close in the first quarter of 2026.

Latham & Watkins LLP represents SK Capital and Axillon in the transaction with a corporate deal team led by Washington, D.C. partners Nick Luongo and Elizabeth More, with associates Lauren Stern, Maddie Merkle, and Patrick Loeffler and assistance from Shannon Lydon. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with associate Ted Gkoo; on benefits matters by Washington, D.C. partner Matthew Conway, with associate Christina Schrantz; on labor matters by Chicago partner Nineveh Alkhas, with associate Elizabeth Duncan; on real estate matters by New York partner Dara Denberg and New York counsel Lisa Brabant; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associates Ryan Clore, Daniel Donovan, and Caroline Toman Lammon; on government contracts matters by Washington, D.C. partner Kyle Jefcoat; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nolan Fargo; on compliance matters by Washington, D.C. partners Andrew Galdes and Joseph Bargnesi, with associate Eric Green; on antitrust matters by Bay Area partner Joshua Holian and Washington, D.C. partner Peter Todaro, with associates Alphonse Simon, Bernie Archbold, and Rebecca Frumento; and on finance matters by Washington, D.C. partner Katherine Putnam, with associates Melissa Doura, Josh Haberl, Mahika Narula, and Ted Mathiowetz.