HOUSTON, June 23, 2026 – Baker Botts L.L.P., a leading international energy, technology, and life sciences law firm, represented Bristow Group Inc. (NYSE: VTOL) (“Bristow”) in its agreement to acquire Berry Aviation, Inc. (“Berry Aviation”) from Acorn Capital Management in an all-cash transaction for $105 million, subject to customary purchase price adjustments.

The acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions. Bristow intends to fund the transaction with cash on hand.

Berry Aviation, headquartered in San Marcos, Texas, operates a fleet of more than 20 aircraft providing government and defense aviation services across multiple countries. Its services include special missions, intelligence, surveillance and reconnaissance operations, maintenance, repair and overhaul, training and mission support, and unmanned aerial systems design and development. Berry Aviation also provides on-demand cargo (ODC) logistics for blue-chip end customers and other specialized aviation solutions.

The acquisition adds differentiated special mission capabilities and long-standing relationships with U.S. defense and government customers to Bristow's Government Services offerings.

Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a broad base of offshore energy companies and government entities. Bristow’s aviation services include personnel transportation, search and rescue ("SAR"), medevac, fixed wing transportation, unmanned aerial systems, and ad-hoc helicopter services. 

For more information, read Bristow’s press release here.

Baker Botts Lawyers/Offices Involved:

Corporate: Samantha Crispin (Partner, Dallas); Carina Antweil (Partner, Houston); Nic O'Brien (Special Counsel, Dallas); Will Hoffman (Associate, Houston)

Tax: Jon Lobb (Partner, Houston); Jared Meier (Senior Associate, Houston)

Finance: Jonathan Goldstein (Partner, New York)

Environmental: Liz Singleton (Special Counsel, Houston)

Litigation: Cynthia Washington (Special Counsel, Dallas); Connica Lemond (Staff Lawyer, Houston)

International Trade: Paul Luther (Partner, Washington, D.C.); Ted Posner (Partner, Washington, D.C.); Alexander Reinert (Associate, Washington, D.C.)

Executive Benefits and Compensation: Ron Aizen (Partner, New York)

Real Estate: Jeremy Gott (Partner, Dallas); Hunter Quinn (Associate, Dallas)

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