Acorn Capital Management Successfully Completes Sale of Berry Aviation
Acorn Capital Management Successfully Completes Sale of Berry Aviation
Acorn Capital Management, a renowned private fund management firm, has officially completed the sale of Berry Aviation, a prominent provider of specialized aviation services to government and commercial clients in the U.S. The transaction involves the transfer of ownership to Bristow Group Inc., a publicly traded company, underscoring a noteworthy development in the aerospace and defense sector.
Throughout Acorn’s tenure, Berry Aviation underwent substantial transformation and expansion. The firm fostered significant growth, particularly through the establishment of its unmanned aircraft systems (UAS) business line. Additionally, Berry enhanced its maintenance, repair, and overhaul (MRO) capabilities, expanded its fleets of government and cargo aircraft, and optimized its on-demand cargo operations (ODC). These strategic moves bolstered Berry's capacity to serve its diverse clientele, further solidifying its reputation for safety, reliability, and operational excellence.
Rick Nagel, Managing Partner at Acorn, expressed pride in the achievements of the Berry team during their partnership.
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