Bristow Group to Acquire Berry Aviation for $105 Million

The acquisition of San Marcos-based Berry Aviation integrates a specialized fleet of more than 20 aircraft into Bristow’s existing government services platform. Berry Aviation generates roughly 72% of its revenue from intelligence, surveillance, and reconnaissance operations, alongside unmanned aerial system development and maintenance services. By absorbing these capabilities, Bristow aims to secure long-term, predictable revenue streams from U.S. defense customers, including the Army, Air Force, and Special Operations Command.

CEO Chris Bradshaw described the deal as a response to rising geopolitical risks and the increasing tendency of governments to outsource mission-critical aviation. While Bristow remains a major player in offshore energy, the company is rebalancing its portfolio; pro forma estimates suggest its government services revenue share could rise to 35% following the integration. To further sharpen this focus, Bristow is actively pursuing the sale of its Norway-based offshore energy business, citing a need to prioritize markets that promise higher margins and more durable returns on capital.