Bristow to Acquire Berry Aviation for $105M Cash, Expanding Government Services
Summary
Bristow Group has signed a definitive agreement to acquire Berry Aviation for $105 million in cash. This follows an 8-K filing earlier today that detailed the all-cash deal, which was preceded by a Dow Jones report on June 23rd announcing the intent to acquire. The acquisition, representing about 8.5% of Bristow's market capitalization, is expected to broaden the company's service offerings and scale, particularly within government services. The transaction is anticipated to close in the second half of 2026.
At the time of this announcement, 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 news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.