Bristow Group agreed to acquire Berry Aviation from Acorn Capital Management for $105 million in cash. The deal expands Bristow's vertical flight solutions platform and is a strategic bolt-on transaction in transportation services. While financially manageable, the announcement is likely to be more relevant to VTOL shares than to the broader market.
Bristow Group agreed to acquire Berry Aviation from Acorn Capital Management for $105 million in cash. The deal expands Bristow's vertical flight solutions platform and is a strategic bolt-on transaction in transportation services. While financially manageable, the announcement is likely to be more relevant to VTOL shares than to the broader market.
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mildly positive
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