Key Takeaways
- • Acorn Capital is divesting Berry Aviation to Bristow Group, a Houston-based vertical flight solutions provider, for $105 million, representing a significant transaction in the aviation services sector.
- • Bristow Group, the acquiring party, specializes in vertical flight solutions and helicopter services, positioning the acquisition as a strategic expansion of its operational capabilities.
- • The transaction marks an exit for Acorn Capital from the Berry Aviation investment, with deal closure subject to standard regulatory and closing conditions.
Summary
Acorn Capital has agreed to sell Berry Aviation to Bristow Group for $105 million, according to the transaction announcement. Bristow Group, headquartered in Houston, operates as a provider of vertical flight solutions and represents the buyer in this transaction.
The sale constitutes a notable capital allocation decision for Acorn Capital, which divests its stake in Berry Aviation through this transaction. Bristow Group's acquisition of Berry Aviation expands its portfolio within the helicopter and vertical flight services market, aligning with the buyer's stated focus on vertical flight solutions provision.
The transaction is subject to customary closing conditions and regulatory approvals. Financial terms are set at $105 million for the asset sale, representing the headline valuation for this aviation services transaction.
The sale constitutes a notable capital allocation decision for Acorn Capital, which divests its stake in Berry Aviation through this transaction. Bristow Group's acquisition of Berry Aviation expands its portfolio within the helicopter and vertical flight services market, aligning with the buyer's stated focus on vertical flight solutions provision.
The transaction is subject to customary closing conditions and regulatory approvals. Financial terms are set at $105 million for the asset sale, representing the headline valuation for this aviation services transaction.
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