Bristow Group Enters Definitive Agreement to Acquire Berry Aviation for $105M, Expanding Government Services
VTOL sits 29% above its 52-week low of $32.43 on elevated volume (1.8× avg).
Summary
Bristow Group has signed a definitive agreement to acquire Berry Aviation for $105 million, a strategic all-cash deal aimed at expanding its government services and diversifying revenue.
Key Events · M&A and Partnerships · VTOL
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Acquisition of Berry Aviation
Bristow Group entered into a definitive agreement to acquire Berry Aviation, Inc. for $105 million in cash. This follows the announcement of intent on June 23, 2026.
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Strategic Diversification
The acquisition expands Bristow's government services capabilities, adding special mission aviation services and long-standing relationships with U.S. defense and government customers.
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Financial Impact
Berry Aviation generated approximately $108 million in revenue in 2025 and is expected to be immediately accretive to Bristow's earnings and cash flow.
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Portfolio Optimization
The acquisition is coupled with Bristow's ongoing plan to sell its Norway Offshore Energy Services business, shifting its revenue mix towards more durable, contracted government services.
Analysis · VTOL · Energy & Transportation
This 8-K formalizes Bristow Group's definitive agreement to acquire Berry Aviation for $105 million in cash, a transaction previously announced via news. The acquisition is a significant strategic move to expand Bristow's government services platform, adding specialized mission capabilities and diversifying revenue streams away from offshore energy. Berry Aviation's 2025 revenues were approximately $108 million, and the deal is expected to be immediately accretive to Bristow's earnings and cash flow. Concurrently, Bristow is pursuing the sale of its Norway Offshore Energy Services business, further emphasizing its portfolio optimization towards more durable, contracted government services.
At the time of this filing, VTOL was trading at $41.92 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $32.43 to $50.38. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.