---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-008449"
form_type: "8-K"
ticker: "BAER"
cik: "0001941536"
company_name: "Bridger Aerospace Group Holdings, Inc."
filed_at: "2023-11-24T23:59:59+00:00"
generated_at: "2026-06-07T22:00:25.312030+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bridger Aerospace JV to buy four CL-215T scoopers for €40.3M; terminates Big Horn deal

## Summary
- JV purchases four CL-215T scoopers from Spain for €40.3M; close expected in 10 business days.
- Bridger has option to buy first two aircraft for $40M within 18 months; remaining two at formula price within 36 months.
- Services Agreement restricts Bridger from acquiring other firefighting aircraft; Marathon and Avenue get board observer rights.
- Mutual termination of Big Horn Airways acquisition with no termination fees; reimbursable transaction fees not estimated.
- First two scoopers expected ready for contract operations in Summer 2024 in European Union.

## SEC filing metadata
- accession: 0001683168-23-008449
- form_type: 8-K
- ticker: BAER
- cik: 0001941536
- company_name: Bridger Aerospace Group Holdings, Inc.
- filed_at: 2023-11-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1941536/000168316823008449/0001683168-23-008449-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1941536/000168316823008449/bridger_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-008449
- JSON: https://secwatch.observer/filing/0001683168-23-008449.json
- Plain text: https://secwatch.observer/filing/0001683168-23-008449.txt

## Key facts
- Material Agreements
  Bridger Aerospace Group Holdings, Inc. entered into Services Agreement with a subsidiary (the “Owner”) of MAB Funding, LLC (effective 2023-11-17).
  - Action: entry
  - Counterparty: a subsidiary (the “Owner”) of MAB Funding, LLC
  - Effective: 2023-11-17
  source text: On November 17, 2023, Bridger Aerospace Group Holdings, Inc. (“Bridger” or the “Company”) entered into a Services Agreement (the “Agreement” or the “Services Agreement”) with a subsidiary (the “Owner”) of MAB Funding, LLC.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1941536/000168316823008449/0001683168-23-008449-index.htm

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