Bridger Aerospace Acquires FMS Aerospace

July 1, 2024

Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) has acquired FMS Aerospace, a Huntsville-based provider of airframe modification, integration, flight test and airworthiness certification services. The equity-only transaction has a total value of $20.6 million (including $17.51 million issued at close and up to $3.09 million contingent earn-out); FMS reported $10.3 million of revenue and $2.5 million of net income for the year ended December 31, 2023. Bridger said the deal brings engineering, modification and manufacturing capabilities in-house to support mission-critical air services, defense systems engineering and its Multi-Mission Aircraft program.

Buyers
Bridger Aerospace Group Holdings, Inc.
Targets
FMS Aerospace
Location
Alabama, United States
Transaction Type
Buyout

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