Bridger Aerospace Group (BAER) Acquires FMS Aerospace
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Bridger Aerospace Acquires FMS Aerospace, Boosting In-House Engineering Capabilities and Diversifying its Customer Base and Seasonality
July 1, 2024 7:10 AM EDTBELGRADE, Mont., July 01, 2024 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (Bridger, the Company or Bridger Aerospace), (NASDAQ: BAER, BAERW), one of the nations largest aerial firefighting companies, today announced that it has acquired FMS Aerospace (FMS). FMS, based in Huntsville, Alabama, is a turn-key provider of airframe modification and integration solutions for government and commercial customers including instrumentation, flight testing and airworthiness certification. The consideration for the transaction was $17.51 million in equity, with an additional contingent equity earn-out consideration of up to $3.09 million.
Having partnered with the team at FMS on our Multi-Mission Aircraft (MMA)... More
