Bristow Group Inc. is reportedly on the verge of acquiring Berry Aviation Inc., a company specializing in government contracting and special aircraft operations. The potential deal aligns with Bristow's strategic shift towards bolstering its government services segment, which analysts believe will drive more stable revenue and cash flow compared to its traditional offshore energy helicopter services.
Berry Aviation, based in Austin, Texas, is known for its diverse government contracts, including services for the U.S. military. This acquisition would significantly enhance Bristow's capabilities and market share in dedicated government support and specialized aviation, complementing its existing search and rescue agreements in the U.K. and Ireland, which are set to commence operations in 2026. Bristow's government segment is targeting a full operational ramp-up by late 2026, and this acquisition would accelerate that goal.
The move is part of a broader strategy by Bristow to diversify its revenue streams and reduce its reliance on the volatile offshore energy market. The company has affirmed earnings guidance for 2026, expecting revenues between $1.58 billion and $1.69 billion. In 2025, Bristow reported revenues of approximately $1.49 billion and a net income of $129 million. Analysts have maintained a price target of $62 for Bristow Group, reflecting confidence in its strategic direction, including its expansion into government contracts and advanced air mobility opportunities like its partnership with Elroy Air for autonomous cargo drones and deposit deal with Electra for hybrid-electric planes.
