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Bristow Completes Acquisition Of British International Helicopter Services Limited

Aug 03, 2022over 3 years ago

Acquiring Company

Bristow Group

Acquired Company

British International Helicopter Services Limited

HoustonOther

Description

Bristow Group Inc. (NYSE: VTOL) ("Bristow"), the global leader in innovative and sustainable vertical flight solutions, announced today that it has completed its acquisition of British International Helicopter Services Limited ("BIH") effective August 2, 2022, further enhancing its leading global Government Services offering.

Company Information

Company

Bristow Group

Location

Brussels Avenue Des Arts

Houston, Texas, United States

About

Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a broad base of major integrated, national, and independent offshore energy companies. Bristow provides commercial search and rescue (SAR) services in several countries and public sector aviation services such as SAR and other services on behalf of government entities. Additionally, the Company offers ad hoc helicopter and fixed wing transportation services. Bristow currently has customers in Australia, Brazil, Canada, Chile, the Dutch Caribbean, the Falkland Islands, Guyana, India, Mexico, the Netherlands, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K., and the U.S. To learn more, visit our website at www.bristowgroup.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed