Bridger Aerospace Group Holdings, Inc, an aerial firefighting company, has reported on 27 May 2025 that it has signed a Purchase and Sale Agreement for a sale leaseback transaction for its Bozeman Yellowstone International Airport campus facilities in Belgrade, Montana, with an aggregate purchase price of at least $46 million.
The net proceeds from the transaction will be used to repay a portion of the outstanding balance under Bridger’s debt facilities, lowering ongoing cash interest.
The transaction is expected to close in the third quarter of 2025 and is subject to customary closing conditions.
Concurrent with the closing of the transaction, Bridger will enter into a ten-year lease agreement with SR Aviation Infrastructure, the Purchaser, for the hangar and office headquarter facilities, which Bridger will continue to utilize as a base for its aerial firefighting operations.
SRAI, an affiliate of SomeraRoad, is an investment platform focused on the acquisition, development and leasing of aviation-related real estate.
It includes airplane hangar space for corporate users, based aircraft, FBOs, MROs, flight schools, charter, and management companies across the United States. The platform addresses the existing supply and demand imbalance in the aviation-related real estate sector.
The current portfolio additionally includes Quail Air Center in Las Vegas, Nevada; and the San Antonio International Airport private hangar complex in San Antonio, Texas.
Sam Davis, Bridger’s Chief Executive Officer shared: “We are thrilled to have secured this agreement with SRAI to capitalize on the appreciated value of our real estate portfolio and materially reduce our debt balance.
“Bridger remains committed to the Bozeman area by entering a 10-year lease-back and the sale of our state-of-the-art facilities to a real estate investment firm will enable us to continue to grow and further enhance shareholder value.”
Bridger has announced that it has signed a Purchase and Sale Agreement for a sale leaseback transaction for its Bozeman Yellowstone International Airport campus facilities in Belgrade, Montana.
