Bristow to Acquire Berry Aviation, Expanding Government Services and Durability
Jun 23, 2026, 7:33 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Strategic diversification toward government services reduces cyclicality, improves visibility, and could lift multiple expansion and deleveraging prospects; near-term upside from accretion and synergies, with risk from integration and timing of the Norway exit.
AI summary
What happened, with direct paths to the underlying reporting
Bristow Group will buy Berry Aviation for $105 million in cash, expanding its government services and special-mission offerings. Berry’s mix is about 72% government work with ISR, MRO and UAS capabilities, strengthening Bristow’s contracted revenue base and alignment with defense spending megatrends. The deal, alongside Bristow’s planned exit from Norway Offshore Energy Services, signals a shift toward durable, funded air-supply solutions.
Bristow to acquire Berry Aviation for $105 million in cash.
Adds Berry’s government/military capabilities (ISR, MRO, UAS) to Bristow.
Exiting Norway Offshore Energy Services to shift to durable government revenue.
Close targeted in Q3 2026; expected immediate earnings accretion.
Berry provides certifications and GPS-denied capabilities to broaden bids.
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