Bristow to acquire Berry Aviation for $105 million cash; plans Norway exit
Bristow Group agreed on June 23, 2026 to buy Berry Aviation, a special missions and government aviation provider, for $105 million in cash, subject to adjustments. The company also said it is pursuing a sale of its Norway offshore energy services business, and that the Berry deal would be neutral to its 2025 EBITDA on a pro forma basis with that exit.
Key points
- Purchase price is $105 million in cash, subject to adjustment for working capital, cash, indebtedness and transaction expenses
- Berry Aviation had 2025 total revenues of approximately $108 million and 2025 EBITDA of approximately $12 million, per the investor slides
- Closing is expected in the third quarter of 2026 per the press release; the 8-K says the second half of 2026
- Bristow intends to fund the deal with cash on hand; the Norway sale timing and structure remain subject to market conditions
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 26, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.