Blue Bird Corp (BLBD): M&A transaction — Blue Bird completes acquisition of Micro Bird joint venture for ~$202M, full ownership

Blue Bird Corp

Acquired remaining 50% of Micro Bird for ~$202M: $63M cash plus 2.7M shares valued at $51.35.
Issued exchangeable shares with staggered lock-up; 17.9% released Oct 2026, final 18.5% Apr 2029.
Steve Girardin appointed to Board as Class III director; Dave Girardin as alternate if needed.
Full ownership integrates operations under one brand; expands into Buy America–compliant shuttle bus market.
Micro Bird has ~960 employees across Drummondville, Quebec and Plattsburgh, New York facilities.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Blue Bird Corp: Certificate of Designation filed creating Special Voting Shares with voting rights for Exchangeable Share holders (effective 2026-04-01).

Change: charter amendment
Effective: 2026-04-01

Exact text from the filing

On March 30, 2026, and in connection with the acquisition contemplated by the Purchase Agreement, the Board of Directors of Parent approved the filing of a Certificate of Designation of the Special Voting Share (the “ Certificate of Designation ”) with the Secretary of State of the State of Delaware.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Blue Bird Corp completed an acquisition involving Girardin Group (AG 2014 Trust, SG One 2014 Trust, DG One 2014 Trust, Groupe Autobus Girardin Ltée, Girardin Minibus JV 2 Inc.) for $201,787,193 (closed 2026-04-01).

Action: acquisition
Counterparty: Girardin Group (AG 2014 Trust, SG One 2014 Trust, DG One 2014 Trust, Groupe Autobus Girardin Ltée, Girardin Minibus JV 2 Inc.)
Consideration: $201,787,193
Closing: 2026-04-01

Exact text from the filing

of Québec (“ MB Canada Target ” and together with MB US Target, the “ Micro Bird Targets ” and each, a “ Target ”) collectively in exchange for an aggregate purchase price of $201,787,193 (the “ Purchase Price ”). Under the terms of the Purchase Agreement, the Purchase Price was paid as follows: (i) approximately 30% of the Purchase Price paid as cash in the amount

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42 governance changes filed in the last 30 days. Browse all governance changes →

Blue Bird Corp filing history →

Source: SEC EDGAR

accession 0001589526-26-000017

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