---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-191891"
form_type: "8-K"
ticker: "BAER"
cik: "0001941536"
company_name: "Bridger Aerospace Group Holdings, Inc."
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:33:48.963848+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bridger Aerospace to acquire Bighorn Airways for $39.25M in cash and stock

## Summary
- Deal consideration: $39.25M total; $14.75M in unregistered Bridger common stock, balance in cash.
- Acquires Bighorn's 12-aircraft fleet used for wildfire smoke jumping and DoD special missions.
- Expected close by Sept 22, 2023, subject to customary conditions; extends to Dec 31 if cash unpaid.
- Bighorn projected FY2023 pro forma revenue of $22M and adjusted EBITDA of $5M; deal expected to be accretive.
- Sellers receive resale registration rights; shares subject to 3-year monthly vesting lockup.

## SEC filing metadata
- accession: 0001193125-23-191891
- form_type: 8-K
- ticker: BAER
- cik: 0001941536
- company_name: Bridger Aerospace Group Holdings, Inc.
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1941536/000119312523191891/0001193125-23-191891-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1941536/000119312523191891/d499664d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-191891
- JSON: https://secwatch.observer/filing/0001193125-23-191891.json
- Plain text: https://secwatch.observer/filing/0001193125-23-191891.txt

## Key facts
- Material Agreements
  Bridger Aerospace Group Holdings, Inc. entered into Purchase and Sale Agreement with Robert Eisele and Christopher Eisele valued at $39.25 million (effective 2023-07-21).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Robert Eisele and Christopher Eisele
  - Value: $39.25 million
  - Effective: 2023-07-21
  source text: On July 21, 2023, Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) (“Bridger”), through its subsidiary Bridger Bighorn, LLC, a Montana limited liability company, entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Robert Eisele and Christopher Eisele (the “Sellers”), the owners of Big Horn Airways, Inc. (“Bighorn”), pursuant to which Bridger will acquire 100% of the outstanding equity interests of Bighorn (the “Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1941536/000119312523191891/0001193125-23-191891-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.