Bridger Aerospace Group Holdings, Inc., one of the nation’s largest aerial firefighting companies, today announced that it has acquired FMS Aerospace. 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) program, which supports our high-resolution surveillance, mapping, software and intelligence operations contracts, we appreciate their strong engineering, modification and manufacturing capabilities,” commented Sam Davis, Bridger’s Chief Executive Officer. “Bringing FMS into the Bridger family will bring together two experienced teams and add additional critical capabilities in house to allow us to continue to grow in mission critical areas including emergency air services, aerospace modifications and defense systems engineering.”
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Jesse Whitfield, Chief Executive Officer of FMS added, “Bridger provides the physical facilities, qualified personnel and other resources we need to grow our business. We expect that the operational synergies will ultimately allow us to win larger contracts than either company can bid alone.”
SOURCE: GlobeNewswire