AcquisitionsJun 26, 2026, 04:44 PM
Bristow to Acquire Berry Aviation for $105M
AI Summary
Bristow Group Inc. announced it will acquire Berry Aviation, Inc. for $105 million in cash, aiming to expand its government services platform and diversify revenue streams. Berry Aviation, with 2025 revenues of approximately $108 million, specializes in special mission aviation services for U.S. defense and government customers. Concurrently, Bristow plans to divest its Norway Offshore Energy Services business as part of a portfolio optimization strategy, with both actions expected to shift the company's revenue mix towards more durable, contracted government services.
Key Highlights
- Bristow Group to acquire Berry Aviation, Inc. for $105 million in cash.
- Berry Aviation had total revenues of approximately $108 million in 2025.
- Berry Aviation's 2026 estimated EBITDA is approximately $18 million.
- Acquisition expands Bristow's government services capabilities and customer base.
- Bristow plans to exit its Norway Offshore Energy Services business.
- Pro forma 2025 revenue mix shifts to 35% Government Services, 54% Offshore Energy Services.
- The transaction is expected to close in the second half of 2026.
Price Impact
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