Bristow Group has agreed to acquire Berry Aviation from Acorn Capital Management for US$105 million in an all-cash transaction, subject to customary purchase price adjustments and closing conditions.
The acquisition will strengthen Bristow’s Government Services business by adding specialist mission capabilities and long-established relationships with US defence and government customers. The company expects the deal to improve the quality and resilience of its earnings through greater exposure to contracted government services and multi-mission aviation operations.
Based in San Marcos, Texas, Berry Aviation operates a fleet of more than 20 aircraft, primarily supporting government and defence customers in multiple countries. Around 72% of its revenue is generated from Government Services activities, including special missions, intelligence, surveillance and reconnaissance (ISR) operations, maintenance, repair and overhaul (MRO) services, training, mission support, and unmanned aerial systems (UAS) design and development.
The remainder of Berry Aviation’s revenue comes from on-demand cargo logistics services and aftermarket aviation supply chain solutions.
Bristow expects Berry Aviation’s leadership team to remain in place following completion of the transaction and plans to maintain operations across the company’s existing facilities.
The acquisition is expected to close in the third quarter of 2026, subject to customary approvals and conditions.
