Focus Strategies Announces the Sale of Berry Aviation, Inc.
was acquired by
Austin, Texas – (July 18, 2018) – Focus Strategies Investment Banking (“Focus Strategies”) is pleased to announce that Berry Aviation, Inc. (“Berry Aviation”), a leading provider of innovative aviation solutions tailored to meet mission-critical demands, has been acquired by Acorn Growth Companies (“Acorn”) of Oklahoma City, Oklahoma. Focus Strategies served as the exclusive financial advisor to Berry Aviation throughout the transaction, which closed on July 6, 2018.
Berry Aviation is a leader in private aviation, with a portfolio of services that includes Government Charter, On-Demand Cargo, Parts Distribution, Fixed Base Operations (FBO), and Maintenance, Repair and Overhaul (MRO). With 35 years of experience, the company has strategically expanded its aviation capabilities and services to become a premier specialized global air transport and solutions provider with worldwide operating authority.
Focus Strategies has been a long-term partner for Berry Aviation, providing financial, management and strategic advice over the last 19 years. Facilitating three significant transactions at pivotal times for the company, it was imperative for Focus Strategies to identify well-suited partners that supported CEO and Founder Sonny Berry’s vision for the company. Throughout each transaction, including the most recent with Acorn, Focus Strategies remained aligned with ownership to ensure a successful process.
Gary Valdez, President at Focus Strategies, said “We were thrilled to have the opportunity to share Berry Aviation’s story. Sonny Berry and his management team have done a tremendous job of growing the business. It has been a true pleasure working with them on financings over the last two decades. This transaction represents an exciting next step for Berry Aviation.”
“Focus Strategies was committed to understanding our business and providing sound, thoughtful advice throughout the process. Their professionalism, integrity and expertise proved to be instrumental in getting the transaction negotiated and closed,” said Sonny Berry. “It was critical for us to find a buyer that was an expert in our field and, more importantly, was a good fit for Berry Aviation. We are excited about our new partnership with Acorn and hold extreme confidence in the future of Berry Aviation.”
About Focus Strategies Investment Bank
Focus Strategies is a leading middle market investment bank headquartered in Austin, Texas, that focuses on serving the unique needs of privately-held businesses seeking capital or ownership transition. Focus Strategies offers sell-side, capital raising, corporate advisory and buy-side investment banking services. With deep expertise across four distinct industry verticals, our executives have closed more than 150 transactions worth over $7 billion in total value. Since its formation in 1999, Focus Strategies strives to build long term relationships with its clients earned through outstanding service, integrity, and trust.