Blue Bird Corporation to Acquire Girardin Group’s Stake in Micro Bird Joint Venture

Micro Bird Acquires Controlling Interest in Ecotuned (GranTuned Automobiles)

August 12, 2021

Automotive

Micro Bird Holdings, the Blue Bird–Girardin joint venture, has acquired a controlling interest in GranTuned Automobiles (Ecotuned), an EV drivetrain integrator founded in 2011. The deal strengthens Micro Bird and Blue Bird's leadership in the Type A school bus EV market by bringing Ecotuned's proprietary two-speed transmission, BMS and integration capabilities in-house while the Ecotuned founders remain shareholders and will continue to operate the business.

Israir Subsidiary Acquires Additional Stakes in Bird Aviation

June 21, 2024

Aerospace & Defense

Tel Aviv-based Israir (through its subsidiary Israir Aviation and Tourism) agreed to buy a 25% stake in Cyprus-based MRO provider Bird Aviation from Bird Aerosystems for €2.75 million, and plans to acquire a further 12.5% for ~€1.375 million with a put option to purchase the remaining 12.5% two years after. The staged transaction increases Israir's ownership of the Larnaca-headquartered maintenance specialist and is intended to support fleet development plans, finance capacity and expanded MRO capabilities at Bird Aviation's Larnaca base.

Greenbriar Equity Group Acquires Sunvair Aerospace Group from Blue Sea Capital

June 5, 2024

Aerospace & Defense

Funds managed by Greenbriar Equity Group completed the acquisition of Sunvair Aerospace Group, a U.S.-based aircraft component MRO specialist, from Blue Sea Capital. Greenbriar said the investment will support Sunvair's organic growth and acquisition strategy to expand its engineered MRO capabilities across landing gear, avionics and accessory repairs.

Black & Veatch Acquires Bird Electric

August 15, 2023

Construction

Black & Veatch has acquired Bird Electric Enterprises and Bird Electric Properties (both part of BASElectric Holdings, LLC). The acquisition brings more than 600 electrical construction and emergency restoration professionals into Black & Veatch’s Grid Solutions portfolio, expanding its capabilities across transmission, distribution, renewables, EV charging and storm restoration markets.

H.I.G. Capital Makes Equity Investment in The Bluebird Group

August 9, 2021

Marketing & Advertising

An affiliate of H.I.G. Capital has made an equity investment in The Bluebird Group, a Minneapolis-based retail services and consulting firm. The investment will support Bluebird's expansion and development of next-generation digital insights and analytics to enhance services for consumer brands.

Bird Construction Acquires Jacob Bros Construction for $135 Million

June 10, 2024

Construction

Bird Construction Inc. (TSX: BDT) entered into a definitive agreement to acquire Surrey, British Columbia–based Jacob Bros Construction for an estimated aggregate consideration of $135 million, comprising cash, shares and assumed equipment debt. The acquisition establishes Bird in BC's civil infrastructure market, adds self-perform capability and scale (Jacob Bros: ~350+ employees, ~$300M revenue) and is expected to be approximately 10% accretive to Bird's full-year adjusted EPS.