Acorn Capital has agreed to sell Berry Aviation for $105 million, according to pehub.com. The transaction marks a significant move for Acorn Capital as it divests its interest in the aviation services company. The deal was announced this week, reflecting ongoing activity in the private equity sector focused on transportation and aviation assets.
The sale process involved negotiations between Acorn Capital and the buyer, whose identity was not disclosed in the report. Berry Aviation, known for its specialized aviation services, attracted interest due to its market position and operational capabilities. The transaction is expected to close following customary regulatory approvals and customary closing conditions, as detailed by pehub.com.
This deal highlights the continued appetite for aviation-related investments within private equity, with Berry Aviation positioned as a valuable asset in this niche. Comparable transactions in the sector have underscored the strategic importance of aviation service providers amid evolving market demands. The $105 million valuation reflects Berry Aviation's growth potential and the sector’s resilience.
The completion of the sale will be closely watched by market participants, with the transaction expected to finalize in the coming months. Acorn Capital’s move to exit Berry Aviation aligns with its broader portfolio strategy, as noted in the pehub.com report.