A private equity firm focused on aerospace, defence, and intelligence sectors, Acorn Growth Companies, has acquired Berry Aviation (BYA, San Marcos) for an undisclosed sum.
"Berry Aviation has a proven track record and developed excellent past performance supporting the U.S. government and its allies, while also offering scheduled and on-demand freight and fixed-base operator (FBO) services to businesses and individual operators. Berry Aviation is a great Acorn fit, having built a track record and experienced tremendous success in this market segment," Rick Nagel, managing partner of Acorn Growth Companies has said.
The new investor intends to further develop Berry Aviation's capabilities and grow the company in the existing market sectors.
Berry Aviation provides passenger charter services focused on the contracts with the US Department of Defence. The carrier has operated on behalf of the US government in the contiguous US, Hawaii, the Marshall Islands, Johnston Island, Afghanistan, Peru and Africa. It also operates cargo charters and offers maintenance services.
According to the ch-aviation fleets module, Berry Aviation operates six DHC-6-300s, two Dash 8-200s, three Dash 8-Q200s, and nine E120 (including four in a full-freighter configuration). The airline also owns a single Do328-100 currently leased out to SNC - Sierra Nevada (Reno/Tahoe) and operates Metroliners.
