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Bristow Group to Acquire Berry Aviation, Expanding Government Services Platform

Bristow Group to Acquire Berry Aviation, Expanding Government Services Platform
HOUSTON, June 23, 2026 — Bristow Group Inc. (NYSE: VTOL), a prominent global provider of vertical flight solutions, has entered into a definitive agreement to acquire Berry Aviation, Inc. from Acorn Capital Management for $105 million in an all-cash transaction, subject to customary adjustments. This strategic acquisition aims to bolster Bristow’s government services platform by incorporating specialized mission capabilities and strengthening long-term relationships with U.S. defense and government clients.
Enhancing Government and Defense Capabilities
Berry Aviation, based in San Marcos, Texas, operates a fleet exceeding 20 aircraft and primarily serves government and defense customers across multiple countries. Its portfolio encompasses special missions, intelligence, surveillance and reconnaissance (ISR) operations, maintenance, repair and overhaul (MRO), training, mission support, and the development of unmanned aerial systems (UAS). Approximately 72% of Berry Aviation’s revenue is derived from government services, with the remainder generated through on-demand cargo logistics and aftermarket aviation solutions.
Bristow anticipates that the acquisition will diversify its revenue streams and improve earnings quality by expanding its exposure to contracted government services and multi-mission aviation activities. Chris Bradshaw, Bristow’s President and CEO, emphasized that acquiring Berry Aviation, a well-established special mission aviation services provider, aligns with key industry megatrends such as increasing geopolitical risk, rising defense expenditures, and the growing outsourcing of mission-critical aviation services. He noted that Berry Aviation’s expertise and robust customer relationships complement Bristow’s existing government services, positioning the company to compete effectively for long-duration government programs.
Industry Context and Strategic Implications
The transaction occurs amid significant consolidation within the aerospace sector, as companies seek to strengthen their market positions in response to evolving dynamics. Bristow’s expansion of its government services platform reflects a broader industry trend toward diversification and resilience. This move coincides with Bristow’s announcement of plans to exit its Norway offshore energy services business, signaling a strategic refocus.
Despite the anticipated benefits, the acquisition faces potential challenges, including regulatory approval processes, integration complexities, and uncertain market reactions. Competitors may respond with their own strategic initiatives, such as mergers or partnerships, to preserve market share. Investor sentiment is expected to be mixed as the market evaluates the strategic fit and financial implications of the deal.
Berry Aviation has a strong track record of supporting all branches of the U.S. military, with a focus on precision, safety, and regulatory compliance. Both companies share a culture centered on safety, reliability, and rapid response in complex operational environments. The acquisition is expected to enable customers to benefit from Bristow’s global scale and operational expertise.
Strategically, the transaction will expand Bristow’s U.S. government services capabilities and enhance its competitive positioning by adding global reach and valuable certifications, including the Commercial Airlift Review Board (CARB) and the Commission on Accreditation of Medical Transport Systems (CAMTS).
This acquisition underscores Bristow’s commitment to building a more durable and diversified business platform, with a focus on long-term growth and increased shareholder value as the aerospace industry continues to evolve.

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