Bridger Aerospace Completes $49 Million Sale-Leaseback, Leveraging Real Estate Portfolio to Prioritize Fleet Growth
Bridger Aerospace (NASDAQ: BAER, BAERW) completed a $49 million sale-leaseback of its Bozeman Yellowstone International Airport campus to SR Aviation Infrastructure on Oct. 28, 2025. Bridger entered a 10-year lease to retain use of its hangar and headquarters as an operational base for aerial firefighting.
The company said the transaction will provide capital to prioritize fleet expansion, support new state, federal, and military contracts, and is expected to produce a gain on sale in Q4 2025.
Bridger Aerospace (NASDAQ: BAER, BAERW) ha completato una vendita e affitto a riscatto del suo campus dell'aeroporto internazionale Bozeman Yellowstone a SR Aviation Infrastructure per 49 milioni di dollari il 28 ottobre 2025. Bridger ha stipulato un contratto di locazione di 10 anni per mantenere l'uso del suo hangar e della sede come base operativa per l'aviazione antincendio.
L'azienda ha dichiarato che l'operazione fornirà capitale per dare priorità all'espansione della flotta, sostenere nuovi contratti statali, federali e militari, e si prevede produca una plusvalenza da vendita nel Q4 2025.
Bridger Aerospace (NASDAQ: BAER, BAERW) completó una venta con arrendamiento posterior de su campus en el Aeropuerto Internacional Bozeman Yellowstone por 49 millones de dólares a SR Aviation Infrastructure el 28 de octubre de 2025. Bridger firmó un contrato de arrendamiento de 10 años para conservar el uso de su hangar y su sede como base operativa para la lucha aérea contra incendios.
La compañía indicó que la operación proporcionará capital para priorizar la expansión de la flota, apoyar nuevos contratos estatales, federales y militares, y se espera que genere una ganancia por venta en el 4T 2025.
브리저 에어로스페이스(나스닥: BAER, BAERW)가 2025년 10월 28일 SR Aviation Infrastructure에 보즈먼 옐로우스톤 국제공항 캠퍼스의 4900만 달러 규모의 매각-임대차를 완료했습니다. 브리저는 항공기 화재 진압 운영 기지로 항공기 격납고와 본사를 유지하기 위한 10년 임대 계약을 체결했습니다.
회사 측은 이 거래가 함대 확장에 우선순위를 두고, 신규 주 및 연방, 군 계약을 지원하며, 2025년 4분기에 매각 차익 실현이 예상된다고 밝혔습니다.
Bridger Aerospace (NASDAQ: BAER, BAERW) a conclu une vente avec location-vente de son campus de l'aéroport international Bozeman Yellowstone à SR Aviation Infrastructure pour 49 millions de dollars le 28 octobre 2025. Bridger a conclu un bail de 10 ans afin de conserver l'utilisation de son hangar et de son siège comme base opérationnelle pour la lutte aérienne contre les incendies.
L'entreprise a déclaré que la transaction fournira des capitaux pour donner la priorité à l'expansion de la flotte, soutenir de nouveaux contrats étatiques, fédéraux et militaires, et devrait générer une plus-value sur vente au 4ᵉ trimestre 2025.
Bridger Aerospace (NASDQ: BAER, BAERW) schloss am 28. Oktober 2025 eine Verkauf- und anschließende Vermietung (Sale-and-leaseback) seines Campus am Bozeman Yellowstone International Airport an SR Aviation Infrastructure im Wert von 49 Millionen US-Dollar ab. Bridger schloss einen Zehnjahresmietvertrag ab, um die Nutzung seiner Halle und seines Hauptsitzes als operativen Stützpunkt für die Brandbekämpfung aus der Luft beizubehalten.
Das Unternehmen sagte, dass die Transaktion Kapital freisetzen werde, um Flottenausbau zu priorisieren, neue staatliche, bundesstaatliche und militärische Verträge zu unterstützen, und voraussichtlich einen Verkaufserlös im 4. Quartal 2025 bringen werde.
Bridger Aerospace (ناسداك: BAER, BAERW) أكملت بيعاً مع عقد إيجار بقيمة 49 مليون دولار لمركزها في مطار بوزمان يلوستون الدولي إلى SR Aviation Infrastructure في 28 أكتوبر 2025. دخلت Bridger في عقد إيجار لمدة 10 سنوات للحفاظ على استخدام الحظيرة ومقرها كقاعدة تشغيلية لمكافحة الحرائق الجوية.
وقالت الشركة إن الصفقة ستوفر رأس المال لإعطاء الأولوية لـتوسيع الأسطول، ودعم عقود جديدة على المستويين الحكومي والفيدرالي والجيش، ومن المتوقع أن تحقق ربحاً من البيع في الربع الرابع من 2025.
Bridger Aerospace (NASDAQ: BAER, BAERW) 于 2025年10月28日 完成了一项价值 4900万美元 的出售并带租回（sale-leaseback）交易，将 Bozeman Yellowstone International Airport 校区转让给 SR Aviation Infrastructure。Bridger 签订了一个 为期10年的租约，以保留其机库和总部的使用权，作为航空消防行动的运营基地。
公司表示，此交易将释放资本，优先用于 机队扩张、支持新的州、联邦及军事合同，并预计在 2025年第四季度实现出售收益。
- Sale proceeds of $49 million completed
- 10-year lease preserves operational base
- Capital earmarked to prioritize fleet expansion
- Expected gain on sale in Q4 2025
- Transaction converts owned real estate into lease obligations
- Potential long-term cash lease commitments for at least 10 years
Insights
Sale-leaseback frees near-term liquidity and shows balance-sheet action to fund fleet growth.
Bridger completed an approximately
Key dependencies and risks include the use of proceeds, lease expense replacing ownership economics, and the durability of cash flow to service lease obligations. If proceeds fund aircraft purchases as stated, cash improves fleet-capacity optionality; however, higher operating lease expense and any restrictive lease terms could offset some financial benefit. Watch cash deployment announcements and the explicit gain amount in
Maintains operational base while enabling capital allocation to aircraft fleet expansion.
By leasing back its hangar and headquarters, Bridger keeps mission continuity at Bozeman Yellowstone International Airport while extracting capital to prioritize aircraft acquisitions and new contracts. Retaining the physical base reduces operational disruption and preserves relationships with local airport and county partners.
Operational risks hinge on lease terms affecting hangar access, maintenance rights, and expansion flexibility. Monitor disclosed lease covenants and the timeline for aircraft procurement; near-term milestones include the announced gain in
BELGRADE, Mont., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Today, Bridger Aerospace Group Holdings, Inc. (“Bridger”, “the Company” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, finalized a previously announced sale-leaseback of its Bozeman Yellowstone International Airport campus facilities in Belgrade, Montana with SR Aviation Infrastructure (“SRAI”). Bridger entered into a ten-year lease agreement with SRAI for its hangar and office headquarter facilities, which will continue to be utilized as a base for its world class aerial firefighting operations.
“This is much more than a real estate deal,” said Sam Davis, Bridger’s CEO. “It’s a turning point for the Company. Leveraging the value of our real estate enhances our financial flexibility, provides capital to prioritize fleet expansion, and equips us to deliver on new contracts. We are grateful for the longstanding partnership between Bridger, Bozeman Yellowstone International Airport, and Gallatin County, and are committed to strengthening these relationships into the future. As a Montana company, we are committed to continually supporting our local and state communities and proud to headquarter here in Belgrade.”
Sale-Leaseback Transaction Details
- Approximately
$49 million sale of Bridger’s headquarters and hangar facilities to SR Aviation Infrastructure (“SRAI”), a subsidiary of New York and Nashville-based real estate investment and development firm, SomeraRoad - Bridger entered into a 10-year lease, maintaining its operational base for aerial firefighting missions
- Expected to report a gain on sale in Q4 2025
“We aim to set the standard for efficiency and safety in aerial firefighting and to innovate and deploy the most advanced technology in our industry,” added Davis. “With a strengthened balance sheet, we can acquire aircraft needed to support new contracts with state, federal, and military contractors while delivering on our mission to protect lives property critical infrastructure and environment. We are excited that through partnerships like this, we can increase our financial resilience as a company and remain in Montana to support our community.”
About SRAI
SR Aviation Infrastructure (SRAI), a subsidiary of New York and Nashville-based real estate investment and development firm SomeraRoad, is an investment platform dedicated to the acquisition, development, and leasing of aviation-related real estate. SRAI targets assets and development opportunities including hangar facilities for based aircraft, corporate flight departments, government operators, FBOs, MROs, flight schools, and charter and management companies nationwide. By addressing the persistent supply–demand imbalance in aviation infrastructure, SRAI is building an institutional-quality portfolio of strategically located, high-performing aviation assets. Current holdings include SRAI Las Vegas and SRAI San Antonio. The Bridger Hangar Complex marks the platform’s third acquisition. Learn more at www.sraviationinfrastructure.com.
About Bridger Aerospace
Based in Belgrade, Montana, Bridger Aerospace Group Holdings, Inc. is one of the nation’s largest aerial firefighting companies. Bridger provides aerial firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service, across the nation, as well as internationally. More information about Bridger Aerospace is available at https://www.bridgeraerospace.com.
Investor Contacts
Alison Ziegler
Darrow Associates
201-220-2678
aziegler@darrowir.com
Media Contact
Devin Johnson
Bridger Aerospace
406-919-5980
d.johnson@bridgeraerospace.com
Forward Looking Statements
Certain statements included in this press release that are not historical facts (including any statements concerning plans and objectives of management for future operations of economic performance, or assumptions or forecasts related thereto) are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “poised,” “positioned,” “potential,” “seem,” “seek,” “future,” “outlook,” “target,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, (1) the anticipated benefits from Bridger’s financing transactions; (2) the achievement of future fleet expansion; (3) Bridger’s business and growth plans; (4) Bridger’s future financial performance; (5) current and future demand for aerial firefighting services, including trends and/or changes in the duration or severity of any domestic or international wildfire seasons; and (6) anticipated investments in additional aircraft, capital resources, and research and development and the effect of these investments. These statements are based on various assumptions and estimates, whether or not identified in this press release, and on the current expectations of Bridger’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Bridger. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to: the ability of Bridger to successfully implement the benefits from the financing transactions; Bridger’s ability to identify and effectively implement any current or future anticipated cost reductions, including any resulting impacts to Bridger’s business and operations therefrom; the duration or severity of any domestic or international wildfire seasons; changes in domestic and foreign business, market, financial, political and legal conditions; Bridger’s failure to realize the anticipated benefits of any acquisitions; Bridger’s successful integration of any aircraft (including achievement of synergies and cost reductions); Bridger’s ability to successfully and timely develop, sell and expand its services, and otherwise implement its growth strategy; risks relating to Bridger’s operations and business, including information technology and cybersecurity risks, loss of requisite licenses, flight safety risks, loss of key customers and deterioration in relationships between Bridger and its employees; risks related to increased competition; risks relating to potential disruption of current plans, operations and infrastructure of Bridger, including as a result of the consummation of any acquisition; risks that Bridger is unable to secure or protect its intellectual property; risks that Bridger experiences difficulties managing its growth and expanding operations; Bridger's ability to compete with existing or new companies that could cause downward pressure on prices, fewer customer orders, reduced margins, the inability to take advantage of new business opportunities, and the loss of market share; the ability to successfully select, execute or integrate future acquisitions into Bridger's business, which could result in material adverse effects to operations and financial conditions; and those factors discussed in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” included in Bridger’s Annual Report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 14, 2025 for the fiscal year ended December 31, 2024 and in subsequent filings made by Bridger with the SEC from time to time. If any of these risks materialize or Bridger management's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. The risks and uncertainties above are not exhaustive, and there may be additional risks that Bridger presently does not know or that Bridger currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Bridger’s expectations, plans or forecasts of future events and views as of the date of this press release. Bridger anticipates that subsequent events and developments will cause Bridger’s assessments to change. However, while Bridger may elect to update these forward-looking statements at some point in the future, Bridger specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Bridger’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements contained in this press release.
FAQ
What did Bridger Aerospace (BAER) announce on Oct. 28, 2025?
How will the $49 million sale-leaseback affect BAER's operations?
Will Bridger report any accounting impact from the sale-leaseback?
What will Bridger use proceeds from the sale-leaseback for?
Who purchased Bridger's Bozeman facilities in the BAER transaction?
