BELGRADE, Mont., Oct. 28, 2025’ Bridger Aerospace Group Holdings, Inc. (Bridger or Bridger Aerospace), recognized as one of the nation’s largest aerial firefighting companies, has successfully completed a $49 million sale-leaseback transaction involving its facilities at the Bozeman Yellowstone International Airport in Belgrade, Montana. This strategic move, announced in tandem with a joint venture partnership with Marathon Asset Management L.P. and Avenue Capital’s Sustainable Solutions Fund, positions the company favorably for significant fleet and operational expansion.
Sale-Leaseback Agreement
The sale-leaseback deal was executed with SR Aviation Infrastructure (SRAI), which involves Bridger leasing back its hangar and office headquarters under a ten-year agreement. This arrangement not only provides Bridger Aerospace with immediate capital but also ensures that its essential operational base remains intact. The facilities at Bozeman Yellowstone International Airport serve as a critical hub for Bridger’s firefighting operations, enabling the company to continue its mission of protecting lives, property, and natural resources from wildfires across the nation.
The cash influx from the sale allows Bridger to focus on its core mission of growth, enhancing its operational capabilities and workforce. “This transaction reflects our commitment to leveraging our real estate portfolio to support our fleet growth and operational efficiency,” stated a company representative. “It is a significant step in ensuring we have the resources necessary to continue our fight against wildfires and to expand our capabilities for the future.”
Joint Venture Partnership for Aircraft Acquisition
In addition to the sale-leaseback transaction, Bridger Aerospace has announced a joint venture with Marathon Asset Management L.P. and Avenue Capital’s Sustainable Solutions Fund. This partnership aims to streamline financing and innovative capital solutions to bolster Bridger’s growth trajectory. The joint venture anticipates formalizing the acquisition of four Canadair CL-215T Amphibious Aircraft, recently awarded in a public tender process from the Government of Spain for an estimated cost of $40.3 million. This acquisition aligns with Bridger’s strategy to enhance its aerial firefighting fleet, ensuring that the company remains equipped to handle the increasing demands of fire management services.
The Canadair CL-215T is a robust aircraft known for its unique capabilities in wildfire suppression, allowing it to operate over water and deliver effective firefighting solutions. With the impending addition of these planes to its fleet, Bridger Aerospace aims to enhance its operational effectiveness and responsiveness in firefighting operations.
Future Outlook
Bridger Aerospace is positioning itself not just as a leader in aerial firefighting but also as a forward-thinking company that recognizes the importance of sustainable growth. The combination of the sale-leaseback and the joint venture reflects a strategic approach to capitalize on both existing assets and new opportunities. As wildfires continue to pose significant challenges, Bridger’s investment in its fleet ensures that it can meet future challenges head-on, providing critical support in the battle against wildfires.
With these developments, Bridger Aerospace solidifies its commitment to safety, reliability, and operational excellence, setting a foundation for sustained growth in an industry that is critical to the protection of communities and ecosystems.
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