Bristow Group Acquires Berry Aviation for $105M, Strengthens Government Services
Event summary
- Bristow Group completed the acquisition of Berry Aviation for $105 million in an all-cash transaction on July 13, 2026.
- Q2 2026 revenues increased by 5.9% to $411.8 million compared to Q1 2026.
- Net income rose to $21.2 million in Q2 2026 from $13.1 million in Q1 2026.
- Adjusted EBITDA for Q2 2026 was $79.8 million, up from $59.3 million in Q1 2026.
The big picture
Bristow Group's acquisition of Berry Aviation expands its government services offerings, including special missions, ISR operations, and MRO services. This strategic move aims to diversify and balance Bristow's business profile amid macro uncertainties and supply chain challenges. The company affirmed its 2026 Adjusted EBITDA outlook range of $295-$325 million, reflecting confidence in its complementary business segments and geographic customer diversity.
What we're watching
- Integration Challenges
- How Bristow Group will integrate Berry Aviation's capabilities into its existing operations and whether the acquisition will meet expected synergies.
- Government Contracts
- The pace at which Bristow can secure new government contracts leveraging Berry Aviation's special mission capabilities.
- Supply Chain Risks
- Whether continued supply chain challenges will impact the availability and maintenance of aircraft, affecting operational efficiency.
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