Jack Creek Investment filed a presentation highlighting its proposed acquisition of Bridger Aerospace Group Holdings, a deal with a $869 million pro forma enterprise value.
Founded in 2014 and led by CEO and former Navy SEAL Tim Sheehy, Bridger is focused on addressing the year-round threat of economic and environmental damage caused by wildfires. Through its fleet of aircraft, Bridger provides a federal agency and state government client base with a range of aerial firefighting solutions. Bridger has the ability to operate in all 50 states.
If approved, Bridger is expected to receive up to approximately $345 million in cash, less any redemptions. The combined company would list on the Nasdaq under the ticker symbol BAER.
There is no minimum cash condition for closing the deal, according to a press release announcing the transaction in August, nor is PIPE financing involved. Read more.
