Briskow Group Inc. is close to buying Berry Aviation Inc. for $105 million in cash, a move that would strengthen its foothold in government services. The deal targets Berry’s defense‑focused aviation assets, which include special missions, ISR operations, and MRO services. If completed, the transaction could boost Briskow’s recurring revenue stream for its 2024 earnings and broaden its market reach.

Bristow’s shares closed Monday at $42.41, up 16% YTD, giving the Houston‑based company a market cap near $1.3 billion. Government clients now account for roughly a quarter of its revenue. By adding Berry, Briskow would diversify beyond offshore personnel transport and rescue, securing more stable contracts with defense and intelligence agencies, and ensure a steadier cash flow for the next fiscal year.

The acquisition, potentially announced as early as Tuesday, would cement Briskow’s position in the federal aviation market and elevate its valuation. Acorn Capital, the current owner, stands to receive the full cash consideration, while Briskow, which declined to comment, could leverage Berry’s DoD‑approved carrier status. Investors will watch the deal to gauge Briskow’s growth strategy in the upcoming earnings report and assess its risk profile.