Houston – October 11, 2026 -- Bristow Group (NYSE: VTOL) has signed a definitive agreement to acquire Berry Aviation from Acorn Capital Management for $105 million in cash, subject to customary purchase price adjustments, and plans to sell its Norway Offshore Energy Services business. The two moves would cut Bristow's offshore energy share of revenue to about 54% on a 2025 pro forma basis, from an actual 66%.
Houston – October 11, 2026 -- Bristow Group (NYSE: VTOL) lifted second-quarter 2026 net income to $21.2 million, or $0.70 per diluted share, from $13.1 million, or $0.44, in the first quarter. Total revenues rose to $411.8 million from $388.7 million, and Adjusted EBITDA climbed to $79.8 million from $59.3 million.
The company completed its acquisition of Berry Aviation and affirmed its 2026 Adjusted EBITDA outlook of $295 million to $325 million. It also updated its segment guidance.
CEO Chris Bradshaw said the deal brings "differentiated special mission capabilities" and long-standing relationships with U.S. defense and government customers. He said Bristow can hold its guidance despite macro uncertainty and continued supply chain challenges, citing the geographic and customer diversity of its segments.