Bridger aerospace acquires fms aerospace, boosting in-house engineering capabilities and diversifying its customer base and seasonality

Belgrade, mont., july 01, 2024 (globe newswire) -- bridger aerospace group holdings, inc. (“bridger”, “the company” or “bridger aerospace”), (nasdaq: baer, baerw), one of the nation's 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.
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