AcquisitionFeb 17, 2026Completed
🇨🇦 Canada
MBMicro Bird (Girardin Group's 50% stake)BBBlue Bird Corporation
Industrials › Automotive
Equity value$200MEquity value
AnnouncedFeb 17, 2026
ConsiderationCash and stock
StructureOther
RegionNorth America
Cross-borderYes
Contingent paymentNo
Overview
Blue Bird entered into a definitive agreement to acquire Girardin Group's 50% stake in the Micro Bird joint venture for approximately $200 million, 30% in cash and 70% in Blue Bird common stock, giving it full ownership.
Deal rationale
The deal consolidates Blue Bird's North American operations under one brand and team, broadens its product and powertrain portfolio, and expands its addressable market for Buy America-compliant shuttle buses.
AI-generated from the SEC filingCompletedIndustrials › AutomotiveCanadaNorth America
Timeline
Valuation and terms
| Equity value | $200M | Headline figure |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash and stock |
Advisors
Buy-side
PSPiper Sandler
Sell-side
None listed
Parties
Acquirer
BBBlue Bird Corporation
- Headquarters
- United States
- Ticker
- —
Seller
GGirardin Group
- Headquarters
- —
- Ticker
- —